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Nashville Energy & Mining Summit 2023: Proof-of-Work - What It Is and Why It Matters

Citadel Dispatch

CHAPTER

The Importance of Bitcoin Token Value and Self-referential Concepts

This chapter explores the significance of Bitcoin's free floating value and its digital native nature. It discusses the concepts of endogeneity and exogeneity, comparing Bitcoin to a proof of stake system and highlighting the value of Bitcoin's lack of a trusted third party.

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