The Future of Bitcoin with Willy Woo (WiM379)
The "What is Money?" Show
The Evolution of Money and the Importance of Social Consensus and Energy Control
This chapter explores the concept of money and its historical evolution, from physical tokens to social consensus and political power. It discusses how proof of stake protocols and Bitcoin rely on social consensus and energy control, highlighting the correlation between technology and energy. The chapter also delves into how Bitcoin serves as an energy coin that provides a fair and robust ledger system, and its potential to become a standardized digital gold.
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