Work or Energy is what makes it work , it actually is a real cost ( as in energy ) to produce or transact , without the energy cost , who makes its value? the "national bitcoin bank". this is why capitalism works. just investigate man
edit: sry, that was abit snarky. this is a good start for how bitcoin works: youtube.com/watch?v=bBC-nXj3Ng4
Stop being told how thing work! educate yourself.
Bitcoin is great and it is not outdated by any standards , bitcoins value is from work /energy.
These smarter new coins which are supposed to be better, think they can take the "WORK" bit out. i guess they will make it work this time
It all started with the the alphabet was increased with a little "t" im sorry t people , this will end very bad if you don't stop it.