Adam Smith called capital "stored labor". Bitcoin is literally stored computational labor (stored Hashcash).
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@michael_nielsen@cdixon can you elaborate? Isn't that just a change of units? Why would that affect system dynamics?
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@michael_nielsen@cdixon also I guess the ratio of block reward to "Satoshi" quantization unit could theoretically have an effect one dayThanks. Twitter will use this to make your timeline better. UndoUndo
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