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BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Decentralized Control: The Strength of the Ledger
Bitcoin's ledger system is significantly decentralized, making it extremely difficult for any single entity to gain complete or even partial control. Its unique properties allow for transactions to be censored, but not easily manipulated or inflated. This decentralized ledger is also a credible and scarce unit of commodity money, securely backed by energy and encryption. Consequently, this dual nature of Bitcoin enables instant settlement of transactions, a feat not previously possible in the history of money. The evolution toward this capability highlights the critical shift in how transactions and settlements operate in a digital age, emphasizing the importance of speed and decentralized control.
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