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It is the world’s first perfectly scarce good with sufficient monetary properties. In contrast to all the melting assets people use as savings vehicles today, bitcoin is a deep freeze at absolute zero. Recognize that there is nothing about a blockchain that guarantees a fixed supply, and bitcoin’s supply schedule is not credible because software dictates it be so. Instead, 21 million is only credible because it is governed on a decentralized basis and by an ever increasing number of network participants.
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