Bitcoin, Social Media, and Wokeism with AlphaFox78 (WiM487)
The "What is Money?" Show
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Exploring Bitcoin's Implications on the Financial System and Energy Efficiency
The chapter delves into the disruptive potential of Bitcoin on the financial system, with insights on its value as a holder of wealth and secure store of value. It discusses Bitcoin mining, the finite supply of 21 million Bitcoins, and the challenges and evolution of the mining process. Additionally, the chapter examines the impact of Bitcoin mining incentives on global energy efficiency, disparities in energy access, and the resilience of Bitcoin's decentralized structure compared to failed projects like Bitcoin Cash.
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