Thus, Proof-of-Work ensures that the Bitcoin network remains reliably secure, decentralized and neutral. 🔔 For anyone interested in the *nuances* regarding Proof-of-Work mining and energy use, check out this thread 👇 /NervosNetwork/status/1689003297150210048 (n/n)

With PoW, natural resources (for example rivers or volcanoes) can be monetized and populations underserved by the modern banking system can find new streams of income, plugged directly into the global financial infrastructure of the 21st century. (29/n)

In 1971, the gold standard was abandoned (currency *was* a claim on gold in a central bank’s vault); fiat’s "store of value" utility has been rapidly deteriorating since. As it is known today, holding currency is no longer a suitable way of preserving wealth. (13/n)

While the intricacies of this system are hard to understand, anyone can clearly see their (insert currency) can buy less today than just a few years ago. (12/n)

The supply of money grows when interest rates are low, people are incentivized to borrow. Conversely, high-interest rates discourage borrowing, the money supply shrinks as loans are paid back. (10/n)

Modern economic thought however flat out rejects a shrinking economy (a lesson painfully learned from the Great Depression), thus money supply continues to grow, reducing the value of each unit of currency in circulation. (11/n)