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"Bitcoin mining isn’t just about security—it ensures the fair distribution of coins, preventing centralization, inflation, and control by a single authority. Proof of work formalizes this in a way no other system can."
— Lucky Mockingbird
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Mining is the coordination mechanism that provides settlement assurance. A provable real world cost that signals which blocks should propagate through the network & that subsequently creates a growing barrier to changing the transaction history.
It's a lot more than a way to distribute coins.
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