Every previous money needed trust:
• Trust the king
• Trust the bank
• Trust the institution
• Trust the ledger-keeper
Bitcoin flips it:
Legitimacy comes from thermodynamic cost, not authority.
Guys, you'll enjoy this Read as much as I did 🔥
Listen to Read 916 - The Thermodynamic Monetary Transition by Shanaka Anslem Parera on Bitcoin Audible, available on all major platforms:
🔗 Fountain:
https://fountain.fm/episode/4rOS9cWPXvJkFB36VIMy
