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COURSE 2 - 1.1. What is Bitcoin?

Bitcoin is two things:


  • digital, yet absolutely scarce, property (for some, bitcoin is also a form of money, though this claim would require to address Mises' regression theorem): in this case, it's "bitcoin", with lower case "b";


  • A decentralized, trustless, peer-to-peer, open-source, censorship-resistant financial network: "Bitcoin" with an uppercase "B".


In the Bitcoin protocol are codified:




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