The Contradictions of Statism | The Hillebrand Series | Episode 9 (WiM068)
The "What is Money?" Show
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The Cost of Bitcoin
If you want to share risks in the big coin security model, we need to have many notes defining, verifying and enforcing monetary rules. If it is at attack, then the expenses paid is substantially larger than the payment for the attack. And that's mainly because of risk sharing among note operators and miners That that disturbs the cost throughout the network. However, time of peace, that huge cost of decentralization is still present.
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