The "What is Money?" Show WiM059 - The Saylor Series | Episode 15 | Bitcoin’s Seven Layers of Security #2
9 snips
Oct 12, 2021 AI Snips
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Financial Security Layer
- Bitcoin miners require significant capital for facilities, rigs, and engineering.
- This capital influx from fiat investors stabilizes the network and recruits conventional investors.
Mining Network Security
- The Bitcoin mining network, comprised of mining centers globally, forms the fifth layer of security.
- These miners, with invested capital and resources, act as an early warning system against mishaps.
Spatial Distribution
- Proof of work necessitates global distribution of mining operations due to energy demands.
- This spatial distribution enhances security by decentralizing the network and eliminating single points of attack.