Part 3/12:
The Trade-Offs: Bitcoin as "Super Hard Money"
One of the key insights was understanding Bitcoin as "super hard money"—a store of value anchored by its transparent supply, predictable issuance, and the ability for anyone to verify these rules by running a full node. This trustless verification is crucial.
What makes Bitcoin super hard money?
The full blockchain is stored and validated by participants globally, making manipulation or censorship extremely difficult.
Any trade-offs—like larger blocks or more complex smart contracts—would threaten this decentralization, potentially forcing reliance on fewer, more powerful nodes or centralized entities.