3min chapter

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#231 – Alex Gladstein: Bitcoin, Authoritarianism, and Human Rights

Lex Fridman Podcast

CHAPTER

The Bitcoin Blockchain Is Not Centralized, It's Decentralized

The Bitcoin blockchain is ultimately a settlement layer. It's kind of like something like Fedwire in the United States. The average person won't touch it, probably. They're going to use things like lightning or unfortunately, they may use Bitcoin banks. That will be reserved for very large transactions and final settlements.

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