As I see it, Bitcoin is the product of value aggregation. Bitcoin mining follows the law of conservation of energy, converting the wind, water, and solar energy into electricity, and then into hashing power by mining machine and finally Bitcoin will be dug out.
That is a process of storing the energy of nature in the form of Bitcoin. The stored Bitcoin is value. Bitcoin built a value network where value is exchanged and transferred in the form of Bitcoin.
I stopped reading in this paragraph. I believe that’s a wrong explanation. Energy wasn’t “stored” in Bitcoin because that energy used to mine a block cannot be extacted back to be used again. Bitcoin is not like a battery. Nothing was “stored”.
Proof of Work is used to “solve the problem of determining representation in majority decision making”. It’s mentioned in the white paper.