Property rights rely on institutions and laws, while Bitcoin’s consensus rules use cryptography and decentralization to secure ownership.
Discussion
Just not true. Rights are just ideals based on physical reality. They have nothing to do with laws or institutions. Read about natural rights. The very fact you impose your right to write a block is a property right.
The argument that rights are solely based on physical reality falls short. Rights, whether “natural” or technical, require normative foundations and social acceptance to be effective. Bitcoin is not an example of natural rights but rather of a rule-based, artificial system that organizes ownership through consensus and technology.
This is a correct opinion.
"Rights" are standardized social norms. Not naturally occuring phenomena.
If you don't exercise them, how can they be said to exist at all?