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Ray Dalio's Take on Bitcoin | Principles of Bitcoin Series | Episode 2 (WiM255)

The "What is Money?" Show

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Bitcoin Is a Path Dependent One Time Invention

Bitcoin is a path dependent one time invention. Path dependence entails that a sequence of events matters as much as the events themselves. A new Bitcoin would have comparatively weak network security to existing Bitcoin and many other crypto assets for that matter. The credibility of that money supply, of the unchangeability of Bitcoin is increased.

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