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The Emergence of Bitcoin as a Superior Money with Chris Kuiper | EP 152

Swan Signal Live - A Bitcoin Show

CHAPTER

Decentralization and the Role of Electricity

Exploring the crucial role of electricity in decentralized networks, this chapter highlights three key reasons why electricity is essential for maintaining a permissionless, central, and persistent network. It contrasts proof of work with proof of stake systems, discussing the centralization forces inherent in proof of stake due to the collapse of miner and token holder roles.

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