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WiM056 - The Saylor Series | Episode 14 | Bitcoin’s Seven Layers of Security #1
The "What is Money?" Show
Bit Coin Mining Network Proliferation
The network is actually becoming more anti fragile through these hardware cycles. As each new generation of hardware comes on line that's more efficient than its predecessors, the predecessor hardware is rolled out into locations that have cheaper energy. The new generation hardware can go to higher cost energy markets and still be profitable. So this gets back into that virtuous cycle of a bit coin mining which is, you know, as bit coin network becomes more secure, bit coin becomes more desired as a store of value. And since bit coin's so resistant to coercion that i think we're really seeing all the freemarket principles that it represents a being reinforced and radiated out into the broader economy.
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