Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
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Bitcorne's Microcosm of Capitalism
Energy producers are effectively using brute force in the attempt to solve the bitcoin mining puzzle and produce newbit coin. But they are competing against technologists that are using technique instead. This is a classic, you know, magnitude of force versus efficiency of force struggleand this has been observed and written about in many markets. And once again, it's just a pointing to bitquin as a microcosm of capitalism, which is a very useful model for understanding its resistance to disruption.
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