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Intro
This chapter explores the distinctive settlement assurances of Bitcoin, emphasizing the costly nature of its ledger. It contrasts Bitcoin's settlement speed with other cryptocurrencies and advocates for an informed appreciation of the economic fundamentals that enhance Bitcoin's security.
"This is also an interesting case study in how Bitcoin resists duplication. You can create something which looks cosmetically similar to Bitcoin, but you cannot replicate the settlement assurances which derive from the costliness of the ledger."
— Nic Carter
A correction needs to be made. Thanks to a great thread by Anilsaidso, with a list of fundamental pieces in Bitcoin in order to grasp a deeper understanding, Bitcoin Audible had audio of all of them in the feed, except one. While I'm certain I have the audio somewhere, its time to get it back in the feed with a brilliant piece explaining one of the most misunderstood elements of Bitcoin, the value it provides, and why nothing else competes. There is no second best, and this will help to understand why. It's the Settlement Assurances, Stupid, by Nic Carter.
Check out the original article at It’s the settlement assurances, stupid by Nic Carter (Link: https://tinyurl.com/c38sm5ah)
Anilsaidso's Excellent list of Bitcoin Fundamentals
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Listen to the best highlights from the podcasts you love and dive into the full episode