IP are inventions: I agree. They are the works and property of their creator. These works are highly susceptible to theft. An unnatural monopoly is created to defend it. I agree with all of these points.

Reply to this note

Please Login to reply.

Discussion

Got it. I guess I would just push back on calling UTXOs IP. They can be stolen by force though and they can't be copied but yet they are not physical. This is why digital property is something that makes sense to me. I'm open to calling it that. In other words I control some UTXOs so in that sense I own them. I wouldn't call it IP because IP is a logically inconsistent idea.

It's all IP! These things are all intellectual works... The bitcoin code, The Constitution, Peanuts comics. The ability to control them individually, collectively, or some mixture of the two does not stop them being intellectual property.

IP as an idea is new. There's a reason for that. It is not property as several of us have stated. Bitcoin UTXOs are different in that they can't be duplicated in the same way as a file. I can copy a file. This is a simple concept but the IP pysop is so deep it takes a lot of work to unlearn.

Not so fast. You can easily copy a utxo...and when you copy all utxos you have the bitcoin blockchain. It is the secret key that gives you the ability to modify the utxo and spend it. This ability is only afforded if you continually pay tax to the enforcers of the code (miners), also you cannot opt out of this tax.

It seems you, and others believe that to be a property you must be able to individually control it. In the world we live in our goverments enforce the code (law) and establish that only the idea creator can modify or use the idea, this is your eyes would qualify it as property.

The two systems operate off the same premise.