2min chapter

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Gold vs Bitcoin Debate Reaction, Weiner vs Rochard - Daily Live 28 May 23 | E347

Bitcoin & Markets

CHAPTER

The Problem With Bitcoin's Central Plan

Bitcoin is not centrally planned. Like, would you say that gold is centrally planned? No, of course not. Just because it's created at some point doesn't mean that it's actively being centrally planned. If you don't have ongoing central planning, there is no central planner. So Satoshi did create the certain characteristics of Bitcoin, but it's not arbitrary. The 21 million is not arbitrary. It's a combination of block time and block time was not arbitrary either. Not 100% arbitrary. But it needed to be long enough for the competition to go on the burning of energy as well as the latency of the network to make sure everything is shared around the world and that kind of thing

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