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Hyperbitcoinization and Other Arguments by a Bitcoin Maximalist | Pierre Rochard

Hidden Forces

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Understanding Decentralization and Node Power in Bitcoin

This chapter explores the concept of decentralization in relation to Bitcoin, emphasizing the importance of running a full node to verify transactions. The speakers discuss the different consensus mechanisms used by cryptocurrencies and touch on controversies surrounding XRP. They also delve into the power dynamics and centralization in the Bitcoin network, as well as the tension between social consensus and individualism.

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