Ray Dalio's Take on Bitcoin | Principles of Bitcoin Series | Episode 2 (WiM255)
The "What is Money?" Show
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Absolute Scarcity Is a One-Time Discovery
The invention of Bitcoin represents the discovery of absolute scarcity or absolute irrepreducibility. I strongly believe a fair launch via proof of work system is no longer possible due to path dependence. And at this point, it seems absolute scarcity for money is truly a one-time discovery that cannot be disrupted any more than the number zero can be disrupted.
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