Then from that standpoint, because of that “philosophy”, any Proof of Work coin will then always have value “because energy”? Explain why Proof of Stake coins are valued.
Value is what the market makes it. If no one buys/uses the coin, it can’t have “value”. Would Bitcoin have value to a man/woman isolated in an island simply because energy was used to “mine” it?
Thank you for your wonderful question, thank you very much.In my opinion, because of continuous energy input, these energy sources ensure the stability of the Bitcoin network, and no single force can tamper with the Bitcoin network. On this basis, more and more people have developed trust in Bitcoin, and can inject their wealth into the Bitcoin system, and value will be generated. The continuous supply of energy can maintain the stability of the Bitcoin network. The stability of the network can generate trust, and trust can generate value, and the value will ultimately be stored in the Bitcoin network.