NOLAN BAUERLE:

Because it is the first piece of digital property you can think of, as the first piece of digital real estate and it's beachfront. When people realize that there are only 21 million bitcoins they wanted a piece of that property. To understand a bit about how it is, you can think of the tree falling in the forest thought experiment. If a tree falls in the forest and a million computers record that tree falling and they have a protocol between them to vote on whether or not that thing happened the tree fell. You can be sure the tree fell. So that's how it created digital property you had all these computers working for authentication and authorization in the system that's the miners. They get paid in bitcoin by providing these services to the networks so it's attracted a tremendous amount of computing power and that computing power called the hash power is what helps prove that these pieces of property exist. You'd have to convince all of these computers that this doesn't exist. There are more there's more computing power in the bitcoin network than almost all the banks in the world combined.