"Anyone can create money by broadcasting the solution to a previously unsolved computational problem. The number of monetary units created is equal to the cost of the computing effort in terms of a standard basket of commodities."
- Wei Dai
Source: b-money (November 1998)
https://nakamotoinstitute.org/library/b-money/
#ProofOfWork #Mining
Proof of work as money creation. 1998. Ten years before Bitcoin. ⏰
