3min chapter

The "What is Money?" Show cover image

The Number Zero and Bitcoin | Episode 1 | (WiM302)

The "What is Money?" Show

CHAPTER

The Path Dependence of Bitcoin

Ray Dalio, the greatest hedge fund manager in history, said that he believes Bitcoin could be disrupted by a competitor. However, disruption of Bitcoin is extremely unlikely. Its critical breakthrough is the discovery of absolute scarcity - never before and never again achievable by mankind. More than just a new monetary technology, Bitcoin is an entirely new economic paradigm for a global, digital, non-state economy.

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