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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
Bitcoin Is More Than Just an Invention
Bitcoin is more than just an invention. It's actually the discovery of absolute scarcity. And that we have unveiled a property of money that we will only discover once. So with gold, for instance, it became money because it was the most relatively scarce monetary metal. Its supply was hardest to increase over time. But if we could somehow flip a switch today and make everyone in the world start mining gold, we could increase the supply much more quickly. Bitcoin with Bitcoin, it is not possible. No matter how much effort and energy and capital and operational expenditure we pour into the mining network,. We cannot deviate from its fixed and diminishing supply curve between now and the last Bitcoin being mined in 2
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