In this post, we’ll explore how Bitcoin’s Proof-Of-Work mechanism is at the heart of every success in life and how we can use this knowledge to enhance our own achievements.
Bitcoin & Proof-Of-Work
Proof-Of-Work (POW) is a mechanism that is used to verify transactions and secure and maintain the integrity of the Bitcoin blockchain network.
Participants must expend energy (work) to solve hashes (mathematical puzzles). Once solved, a block is sent to the entire network for verification that the hash was indeed correctly solved. If verified successfully, they are rewarded with Bitcoin.
While the process is energy intensive, it is necessary to ensure the legitimacy of the network and is the essence of Proof-Of-Work. When you understand the Proof-Of-Work mechanism that Bitcoin uses, you can apply it to everything in life.
“Bitcoin is Proof-Of-Work and Proof-Of-Work is Truth.“
Bitcoin, Proof-Of-Work & Success
Genuine success in anything requires work. No one can hand it to you. You can’t buy it. You can’t steal it. Not only is this nature’s way of rewarding honest labour, but by separating those that are willing to work from those who are not, it’s a signal to others that you are legit. As the saying goes, “Don’t trust. Verify.”
The same way Bitcoin is the result of honest work (in the form of time and energy) expended by miners, success is the result of honest work (in the form of time and energy) expended by said person.
For example, a sound mind is Proof-Of-Work. A muscular physique is Proof-Of-Work. A successful relationship is Proof-Of-Work. A successful business is Proof-Of-Work. Money is Proof-Of-Work. All these things require you to put in the work. Proof-Of-Work is the prerequisite to genuine success.
“Fiat money is the equivalent of artificial muscle. Bitcoin is the equivalent of genuine muscle.”
Genuine success in anything in life requires honest work (sacrifice) in the form of time and energy. The same way it requires work in the form of time and energy to obtain Bitcoin, is the same way it requires work in the form of time and energy to obtain success.
Life is Proof-Of-Work the whole way down.