MI Rewind: Bitcoin First and Fidelity Digital Assets w/ Chris Kuiper & Jack Neureuter
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Importance of Decentralization in Bitcoin
The idea is that each new incremental user adds value to the network and makes it more valuable for all of the existing users. Chris, you mentioned Facebook's network effect and how monetary network effects are much stronger. For example, when Tesla bought $1.5 billion worth of Bitcoin, that added a heck of a lot more incremental value than say some smaller businesses or even most individuals. And that helps illustrate the difference between a monetary network and most other networks.
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