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Chapter 8: Digital money

This chapter explains how Bitcoin works in plain terms: a public ledger kept by many nodes, proof-of-work mining that makes rewriting history expensive, difficulty adjustment that keeps blocks about ten minutes apart, and a supply that halves new issuance roughly every four years toward a 21 million cap. The author argues this makes Bitcoin the first money whose supply cannot be inflated by anyone, regardless of how much demand rises.

Summary in our own words, not a quote from the book. The author's arguments, not investment advice. Book · Author's course