Bitcoin, scarcity & trust in money
• Why scarcity matters so much for sound money • How the existing money system works • Fiat money isn’t scarce & why that is a problem • Why achieving digital scarcity is such a big deal
What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.
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