Part 5/12:
Adam Back's proof of work is explained as a power law relationship between Bitcoin's total mined supply and its price—meaning that as block height increases (more Bitcoin mined), the value scales proportionally. Long-term holders and miners are earning record revenues, and their redistribution patterns follow predictable models.
Additionally, the anti-Moore law effect is introduced—an innovative concept suggesting that Bitcoin's halving acts as an adjustment mechanism, counteracting the increasing efficiency of mining hardware (Moore's Law). This regulation maintains a balance, ensuring the network’s economic security rather than scarcity alone driving price.