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The pencil was made with 'work'. You exchange existing work with 1 fiat. If you do not consume this work, you can exchange it back.
by blenklo 3mo ago
The pencil was made with 'work'. You exchange existing work with 1 fiat.
If you do not consume this work, you can exchange it back.
- Dilettante_ 3mo agoThe cryptocurency was also made with work. Hardware, electricity, and time were invested into the 1 unit of crypto. It's literally called Proof-Of-Work.