5min chapter

The "What is Money?" Show cover image

WiM050 - The Saylor Series | Episode 12 | Why Bitcoin Succeeds

The "What is Money?" Show

CHAPTER

Authentication of Bit Coin

Bid coin is unencumbered by the act of possessing it, just as if you hold in physical gold bullion a. The mere act of possessing that presupposes your nership of it. Thi this radically lowers transaction cost. And also, but coins much more divisible than physical gold. You know, each unit is divisible into 100 million sub units called setuces or sats a.

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