Bitcoin higher than bodily property for commoners, says Michael Saylor
MicroStrategy CEO and (BTC) advocate Michael Saylor doubled down on his assist for Bitcoin as he defined the problems associated to transferring the worth of bodily properties corresponding to gold, firm shares or fairness and actual property throughout the Australia Crypto Conference.
Talking in regards to the underlying proof-of-work (PoW) consensus mechanism, Saylor highlighted that Bitcoin is backed by $20 billion value of proprietary mining {hardware} and $20 billion value of power.
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