The Most Important Question in the World Today | Episode 3 | (WiM327)
The "What is Money?" Show
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The Evolution of Bitcoin
The energy required to mine Bitcoin is subject to technological improvements that might enable much more rapid solution of that computational outro. The algorithm itself, this is kind of the magic of the whole thing. It's actually calibrating itself to be as difficult as it needs to be so that there's new blocks every 10 minutes. So if it goes, if a lot less people start mining it becomes easier to mine Bitcoin. If a lot more people startmining it becomes harder. But in that sense, Bitcoin is actually a better money because it's pure. It doesn't have a utility value.
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