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4min chapter
Bitcoin Mining Masterclass with Dan Roberts (WiM194)
The "What is Money?" Show
Bitcoin Mining
Mining is layerd down this protocol, digetal concrete every ten minutes by virtue of that energy expenditure. That's what gives it its immutability, censorship resistance. It hearkens back to bitcin inducing you to have a lower time preference. The second aspect is beeng able to double spend your own coins. And guess what? Forty nine %, someone in that group, finds the fourth block, they collect all the transaction fees,. iso all of e sum.
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