Riccardo
Sat Jul 06 2024
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7 answers
2023
How does bitcoin's infrastructure affect socio-economic impact?
Could you elaborate on how the infrastructure of Bitcoin, as a decentralized digital currency, influences socio-economic landscapes? Specifically, how does the peer-to-peer network, consensus mechanisms like proof-of-work, and the scarcity of the supply impact economies, financial systems, and societal norms? Are there any notable examples or case studies that demonstrate these effects? Furthermore, how do these impacts vary across different regions and economic backgrounds?
