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The Technological Arms Race in Bitcoin Mining

The Technological Arms Race in Bitcoin Mining

The Breakfast Grille

October 9, 201521m 27s

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Show Notes

Bitcoins have gold- and money-like characteristics. Proponents would in fact say that because bitcoin supply is limited and its mining difficult, it is better than the QE-fraught endless supply of money. However, the high computing power required to prevent bitcoins from being duplicated has pushed mining from the home to the realm of profit-seeking mining companies like Bitcoin Group. 

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