Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
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Bitcoin - The Microcosm of Capitalism
Open competition in bit coin, the microcosm of capitalism, is what keeps all market actors honest and adaptive. So long as there is any economic margin left in my production process, i'm incennivise to produce gold. A channelling more energy is maybe another way to think about it that they're actually increasing the cost per bit coin a. At each having, all of that collective energy and technology intensity is going into mining.
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