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A manchester-encoded bit 1 is a low-to-high transition: there should be "low" on the line which will change to "high". Before the "low" the line was idle (zero voltage difference), this state is interpreted by the differential amplifier as "high", so it's "high-low-high" at the beginning, but we are interested in the "low-high" edge and not in the "high-low" one.



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