Proof Of Work Provides Seven Layers of Bitcoin Security

According to Michael Saylor the Proof of Work architecture is a masterpiece of engineering that provides Seven Layers of Security.

Episode Transcript

(00:00):
Proof of Work provides seven layers ofBitcoin security. Next one on your four
minute Bitcoin Today's shows from a postby Duardo prosper at bitcoin iss and brought
to you by Swan Bitcoin. Makesure and show your support for this show
by subscribing, leaving a comment,are sharing with your friends. According to

(00:24):
Michael Sailor, the Proof of workarchitecture is a masterpiece of engineering that provides
seven layers of security. Now let'sgo through all seven. Layer one energy
miners can monetize any form of energyanywhere on Earth, in any quantity,
at any time, at the highestprice. According to Michael Sailor, energy

(00:47):
providers around the globe will compete forthose miners business Layer two technology. If
the market is demanding energy efficient andclean energy mining hardware, there's a huge
incentive for manufacturers to provide them,and miners need to continually upgrade equipment to
stay competitive, and this creates massivebarriers to entry and exit, stabilizing the

(01:12):
network while bringing Darwinian discipline and vitality. Layer three political. We've already had
geopolitical arbitrage when it comes to taxes, but what about the mining business.
Aren't countries and states incentivize that bringa booming business to their shores. Now,
miners represent the ultimate clean, hightech exporter generating hard currency. Layer

(01:38):
four financial. It's no secret thatbitcoin is the best performing asset in the
history of the planet. To sayit's an attractive investment is an understatement.
That means investors and their bankers arerecruited as powerful political and financial outlies of
miners because they're the main clientele fortheir product. Layer five mining, the

(02:02):
miners themselves become powerful advocates for thenetwork with a strong vested interest to defend
it. As the story unfolds,miners will become a dominant force in the
world. Layer six spatial. Nowall the factors I've gone over drive geopolitical
decentralization to the mining network. That'sBitcoin's best defense against any attack. It's

(02:27):
everywhere and nowhere at the same time. Plus, the mining network is one
step removed from the asset itself.Layer seven temporial. Breaking all of those
layers of security will take an enormouseffort, but maybe more importantly, it
would take time. According to Michael, between two and four years of time.

(02:50):
That makes any attack very difficult,expensive, slow, hard to conceal
unlikely to succeed and allows time towe act. So what do you think
of these seven Let me know yourthoughts in the comments. And this episode
well is brought to you by SwanBitcoin. Swan bitcoins allows you to buy

(03:13):
bitcoin with dollar cost averaging end.Everybody knows that's the best way to buy
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(03:35):
slash Gary, you can receive tendollars worth of bitcoin free. So what
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I'm Gary Leland, the bitcoin Boomer, and thanks for joining me on
another four minute bitcoin show. Thisis a bit block Boom dot Com production.