91. The Immaculate Conception: Bitcoin vs The Fiat Standard
The Bitcoin Standard Podcast
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Bitcoin and Its Advantages and Disadvantages
Anybody in the world can mine. Anybody can bring their computer on to the network and mine. And so you already have a bit of an economy there, because all those people are vested in it. It's completely open and perfectly competitive. But with bitcoin, the more miners that get into the network, you still get the same number of bitcoin as was predetermined earlier. The difficulty adjustment is really the magic glue that holds bit coin together.
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