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The Number Zero and Bitcoin | Episode 1 | (WiM302)
The "What is Money?" Show
The Path Dependency of Bitcoin
Bitcoin was launched into the world as a one-of-a-kind technology, a non-state digital money that has issued on a perfectly fixed, diminishing, and predictable schedule. Path dependence is why occurrences in the socio-political domain often influence developments in the technical field. US citizens sold path dependent pushback when their government made a failed attempt to switch to the metric system back in the 1970s. Bitcoin's head start and hashrate is seemingly insurmountable.
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