Teaching Bitcoin Part 3: How Bitcoin’s Supply Is Fixed
The Bitcoin Layer
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Understanding Bitcoin's Fixed Supply and Its Implications
This chapter contrasts Bitcoin's fixed supply with the ever-increasing US government debt ceiling, illustrating the implications of each on value and stability. It also examines the dynamics of Bitcoin mining and the influence of competition on its value and security as its supply unfolds until 2140.
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In this third episode of our ongoing series with Michael Howell, Nik dives deep into the intricacies of Bitcoin, focusing on its limited supply, mining mechanics, and the integrity of the network. They get into the weeds of individual nodes and the role they play in maintaining network security. They also discuss the impact of government actions, the rise of ETFs, and the role that bitcoin could one day play as a form of collateral in the financial system. Nik also explains the main differences between bitcoin, altcoins, and gold.
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