Dollars and Sense
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Dollars and Sense

Proof of Work Cryptocurrencies

Photo by Philipp Katzenberger on Unsplash

The meltdown of the global financial systems in 2008–09 prompted “Satoshi Nakomoto” to create a 21st-century version of the old Proof of Work model. A model not based on humans’ favorite yellow metal, gold. Satoshi created digital gold and called it Bitcoin.

Gold has been the Proof of Work model for millennia. A currency backed by gold was only possible if the work was done in the mines to dig it out of the…




Trying to make sense of today’s dollar chaos

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Author of Cryptocurrency Investing in the Age of Dollar Chaos:

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