Eight inventions of bitcoin, EACH of which is so profoundly revolutionary that its impact and value cannot yet be calculated.
-Absolute scarcity: The first and only substance on earth of finite quantity
-Real digital limits: Digital data bound by the laws of physics (via ‘proof of work’), creates singular digital objects that cannot be copied / reproduced
-Pure shared custody: The only asset that can be jointly-owned by multiple parties without any supervising authority
-Machine money: The only asset that can be independently possessed and spent by machines/AI (to pay other machines or even humans)
-Uneditable history: Immutable, unfalsifiable, time-stamped historical record of any data type (not just financial transactions!)
-Energy bottom feeder: Locate-anywhere, instant on/off energy consumer enables renewables buildout, grid stabilization, and methane mitigation (flared and landfill)
-Non-violent property defense: Secures real assets via impenetrable cryptography rather than by threat of violence (by person or state)
-Micro-transactions: Combined with Lightning network or similar protocol, enables instant, direct, global transaction of tiny amounts of value via internet
None of these exist without Bitcoin.