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BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
Mar 8, 2023
Join Michael Saylor, CEO of MicroStrategy and Bitcoin advocate, alongside crypto commentator Cory Klippsten, IMF and World Bank expert Alex Gladstein, and others as they dissect Bitcoin's landscape. They explore inflation's impact on value, the dangers of CBDCs, and how altcoin investments can be a scam. Gladstein unveils the exploitative debt practices of global financial institutions in developing nations, while they debate the merits of proof-of-work versus proof-of-stake in Bitcoin, revealing its potential as an ethical investment and a catalyst for change.
01:37:26
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Quick takeaways
- Proof of work is a fair and secure system relying on physics and mathematics, making Bitcoin a digital scarcity.
- Energy is crucial in creating a digital commodity; Bitcoin's proof of work ensures soundness and integrity.
Deep dives
The Importance of Proof of Work
Proof of work is a crucial aspect of Bitcoin. It relies on physics and mathematics, using a hashing algorithm to modulate electricity and create a digital commodity. This is what sets Bitcoin apart as a digital scarcity, unlike other uncapped commodities like oil. Proof of work removes human judgment and relies on the laws of physics, making it a fair and secure system.
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