Indeed. Proof of work has multiple functions. Providing security as well as tying it to the physical world through the use of energy. Technical people seem to get it more easily.

kepford

I’ve used the math problem example many times. I usually get asked “but what is the problem for?” I think people have a hard time understanding that the goal is to provide a way to convert energy to Bitcoin at a (roughly) regulated rate.

bitcoin

What's the best explaination of Proof of Work Mining for non-technical people

I’ve used the math problem example many times. I usually get asked “but what is the problem for?” I think people have a hard time understanding that the goal is to provide a way to convert energy to Bitcoin at a (roughly) regulated rate. 