Navigating Bitcoin's Dual Nature

This chapter explores the evolving perceptions of Bitcoin in contrast to traditional fiat currency, emphasizing the philosophical debates surrounding self-sovereignty and third-party reliance. It highlights the crucial balance between self-custody and the financialization of Bitcoin, as well as the implications of recent hacks on ownership practices. The discussion also reviews Bitcoin's supply dynamics and the potential for solutions like the Lightning Network to enhance self-sovereign transactions.

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