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Exploring Bitcoin Scalability and Mining Dynamics
This chapter delves into the scalability challenges of Bitcoin, illustrating the limitations of the base layer in handling transactions and the scarcity of block space in mining. It discusses the evolution of Bitcoin's protocol and subsidy system, highlighting the transition to a fee market and the implications of increasing demand for block space. The chapter also explores the journey of the speaker into Bitcoin mining, reflecting on their shift from Ethereum to Bitcoin and their visionary role in technology.