the examples of New Belgium and Full Sail, as well as others like Ben & Jerry’s and Etsy have shown even if a company starts out with a mission, even if they are a Certified B Corporation or an employee-owned company, they’re still vulnerable to being sucked back into conventional, “extractive” profit-maximization models. Steward-ownership is a way to prevent that from happening.
Steward-ownership protects purpose-driven business from falling prey to profit-seeking
When Satoshi designed PoW, he was fundamentally changing how consensus between humans is formed from political votes to apolitical votes (hashes) via the conversion of energy. PoW is proof of burn, or the validation that energy was burnt. Why is that important? It’s the most simplistic and fair way for the physical world to validate something in the digital world. PoW is about physics, not code. Bitcoin is a super commodity, minted from energy, the fundamental commodity of the universe. PoW transmutes electricity into digital gold.
Bitcoin is the transmutation of electrical energy into digital gold.
drive development using an outside-in testing approach:
Outside-in testing diagram