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Adam Back, British cryptographer and cypherpunk, discusses the next Bitcoin halving, untapped power utilization, the aesthetic value of Bitcoin, and the probability of another Blocksize War.
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Quick takeaways
- Bitcoin's ongoing progression and immutability showcase its remarkable digital phenomenon.
- The block size war solidified Bitcoin's mathematical immutability, displaying the power of consensus and the user's ultimate decision-making authority.
Deep dives
Bitcoin as a Digital Pyramid
Bitcoin can be compared to the pyramids of Egypt, as it is a digital modern-day version. Bitcoin is constructed through enormous competition and continues to grow. Each block represents a unique accomplishment, with the most recent blocks being the most challenging to mine. This showcases the immutability and ongoing progression of Bitcoin, making it a remarkable digital phenomenon.
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