“The lesser-known part of the story is Lazzlo was also the first person to mine Bitcoin using ASIC chips. ASICs were used well by IT professionals well before bitcoin was discovered, but Lazzlo learned he could mine bitcoin much faster with these specialized chips than with a laptop. As the first person to figure this out, he must have had an extremely unfair advantage, so why couldn't he just mine all 21 Bitcoin in a matter of months? He was limited by the Difficulty Adjustment.”