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21 Million Bitcoin is Non-Negotiable with Phil Geiger

The Bitcoin Matrix

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The Security Budget Is Paid for by Everyone Who's Holding Bitcoin

The security budget is paid for by everybody who's holding Bitcoin because of that subsidy. So it's just that because there's that budget, the value is kind of moved more towards mining. But at the same time, in US dollar terms, like last year was the largest year or minor revenue ever. The whole network is worth X trillion dollars and your fraction of it is the portion of what is unlocked right now.

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