A new story from Bitcoin Audible

Bitcoin Audible
|

Automatic TRANSCRIPT

Gives money value. And no, you can't have any. The hoarding feedback loop people hoard Bitcoin this causes a higher Bitcoin price, which leads to higher mining profitability and greater media attention. The higher profitability leads to greater total hashing power, which leads to greater security of the network. The greater security plus the added media attention leads to a greater perceived legitimacy. This leads to greater business adoption and greater user adoption, which leads us back to more hoarding. And a higher Bitcoin price, et cetera, et cetera. Great news for Bitcoin. How to end it all. Indeed, Bitcoin scamming is a job that will never be finished. The market based scams that is, the ones that don't require fraud will subside as Bitcoin absorbs the real

Coming up next