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The Bitcoin Standard: The Decentralized Alternative to Central Banking, by Saifedean Ammous

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Difficulty adjustment is the most reliable technology for making hard money and limiting the stock‐to‐flow ratio from rising, and it makes Bitcoin fundamentally different from every other money.
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The Bitcoin Standard: The Decentralized Alternative to Central Banking
The Bitcoin Standard: The Decentralized Alternative to Central Banking
by Saifedean Ammous
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