The idea that “hash rate proves energy” is true, but only at the shallowest layer. Hash rate tells you that miners are doing work, but it doesn’t tell you what that work becomes. It’s essentia...
We’ll probably just keep pointing at the hashrate and saying backed by energy. Everything beyond that is interesting, but not needed to use the network. Yet we’re all glad there are people like you who explore the technicalities at an engineering level😁
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