2min snip

The Great Simplification with Nate Hagens cover image

Lyn Alden: "The Myth of Frictionless Finance"

The Great Simplification with Nate Hagens

NOTE

Decentralization and Value Proposition of Bitcoin

Bitcoin is valuable as the first credible way to decentralize money, breaking the trend of centralized monetary systems. It operates on a decentralized ledger backed by distributed code and energy, allowing people to opt out of local currency monopolies, transact globally, protect wealth, and resist inflation. Bitcoin's network effects are strong, similar to long-standing technologies like Ethernet and USB, indicating it has reached a critical mass and exists in a well-constructed design space resistant to disruption.

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