Its the 2nd of course. Now take profits of those 2 business, both owners get profits, 1st will pay some wage to manager & take rest of profits for himself, but he did NO WORK at all.
But how did he get to the point of owning a business ?
Bitcoin's mining, because it uses Proof of WORK principle, enforced by mathematics, is ONLY system that breaks this pattern of Proof of STAKE exploitation (monarchy, capitalism etc)
How? Having money. But how did he get it? Earned it from his own work? Inherited? Human history is all exploitative, Monarchy, Slavery, Feudalism & Capitalism, all do 1 thing: Exploit.