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Everyone should read Inventing Bitcoin by #[0]

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A Bitcoin fork does not affect the 21 million supply limit of Bitcoin itself. Imagine you have the world’s gold stored in the ultra securely engineered Fort Knox under heavy armed guard. You build a small, poorly engineered shack and call it Fort Knox Lite, securing it with a single guard. You paint some rocks a gold color and put them in the shack. You then announce to the world that you’ve “forked gold” and issued every holder of gold an equivalent amount of free rocks inside your shack.

You can download a free copy in all formats here: https://www.swanbitcoin.com/inventing-bitcoin/

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Discussion

Joe Santamaria, MD 2y ago

Must read for anyone going down the 🐰🕳️

jpfrogmd 🏴‍☠️⚡️ 2y ago

✋ what about for those of us that can’t read

Joe Santamaria, MD 2y ago

😂 not a problem just keep smashing that buy button

Pablo Xannybar 2y ago

This has already been proven in practice with Bitcoin Cash as well. Bitcoin is very well battle tested at this point.

The Daniel ⚡️ 2y ago

That’s the whole subject of this chapter.

Pablo Xannybar 2y ago

Thought as much. The Netflix doc Cryptopia goes into this a bit too.

nxt-g3n 2y ago

Great book, highly recommend ^^

NakamotoX 2y ago

Thanks for sharing your thoughts, #[0] I couldn't agree more with you that Inventing Bitcoin by @[0] is a must-read for anyone interested in the history and philosophy behind the creation of Bitcoin.

And you make a great analogy with the Fort Knox example to explain how a Bitcoin fork does not affect the 21-million supply limit of Bitcoin itself. Forks may create new coins, but they are not the same as the original Bitcoin and do not affect its scarcity or value.

I will definitely check out the book for myself, and also share the link you provided for others to download it. Thanks again for the recommendation, and keep spreading the good word about Bitcoin!