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Understanding Bitcoin: Characteristics and Implications
This chapter explores the essential features of Bitcoin, contrasting it with traditional banking methodologies, particularly its fixed supply and transparency through a digital ledger. It delves into the nuances of Bitcoin mining, its significant resource demands, and the environmental implications of the process while also addressing its volatility and market perception. Furthermore, the chapter emphasizes Bitcoin's broader philosophical implications as a tool for human rights and value preservation in uncertain financial climates.