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Replying to Avatar Gigi

> Before Bitcoin, all digital scarcity was scarcity by authority—authority that can be circumvented or exploited. It was always simulated scarcity. Virtual, not real.

> Bitcoin is the first money that is digital but not virtual. Before Bitcoin, any link between the digital and the physical was always rooted in trust and human interpretation, not physical reality. Bitcoin’s link to the real world is defined by numbers and their mathematical relationships; relationships so extreme, that they can only be brought about by real events in the real world. Consequently, the processes in Bitcoin are not subject to opinion or interpretation.

https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/

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Michael R. Sullivan 2y ago

Bitcoin's tether to physical reality is one the most profound ideas behind the protocol. It's the exact thing that makes it so special, and why POS isn't even playing the same game in my opinion. 🧡⚡️💜

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