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The Path To $100,000 Bitcoin | Adam Back

Supply Shock

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Bitcoin Mining and Network Security

This chapter delves into the relationship between hash rate and network security in Bitcoin mining. It discusses the impact of new ASICs on network security, the cost structure of mining, and the commitment of miners to Bitcoin's success. The chapter also explores miner capitulation, the potential impact of credit in the Bitcoin market, and the long-term viability of the Bitcoin security model.

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