What exactly is the foundation of Bitcoin? The simplest and most straightforward answer is: unverifiable energy. This idea might sound a bit abstract, but after over ten years of industry experience, it’s actually quite real.

Let’s start with a question—how can a string of virtual code be related to power plants and electricity generation? The answer isn’t complicated; let’s go through it with the most direct logic.

【Where Are the Flaws of Fiat Currency】

Why can paper money in your pocket buy things? Essentially, it’s backed by national credit. But this system has a characteristic—it can be manipulated. When the economy is bad, central banks print more money to stimulate. This has happened many times in history, and the result is always the same: money becomes less valuable. So, the “scarcity” of fiat currency isn’t truly scarce; it can be artificially diluted, and that’s the root cause of inflation.

【Why Energy Is Different】

Electricity, oil, natural gas—these are tangible physical commodities. You can’t just decide at a meeting to double the power output nationwide tomorrow. It’s impossible. You need real money to build power plants, lay infrastructure, and develop technology—these are unavoidable hard costs. The supply of energy is constrained by physical laws; it can’t be conjured out of thin air. So, when we say it is “unforgeable,” that’s literally true.

【The Logical Chain of Bitcoin】

Bitcoin’s block creation mechanism is built on this physical energy constraint. Each new block requires miners to invest real electricity costs to perform computational work. This means Bitcoin’s supply cap isn’t maintained by some promise from an institution, but is directly anchored by global distributed energy input and physical laws.

If you want to increase Bitcoin’s supply, you need to invest more energy. To maintain current output, you must continue to invest energy. Under this mechanism, Bitcoin’s scarcity is like energy itself—grounded in real physical reality, not virtual promises.

That’s why Bitcoin’s foundation is rooted in energy—its entire value system ultimately points to this unverifiable, real-cost, physically unprintable material basis.