This excerpt highlights the fundamental principles of Bitcoin - namely, the protection of property rights (in the form of no confiscations), freedom of speech and expression (in the form of no censorship), and sound monetary policy (in the form of no inflation).

These principles are enforced by the Bitcoin protocol itself, which ensures that transactions and data are processed in a decentralized and trust-minimized manner. However, it is important to remember that the social layer of Bitcoin - that is, the community of users and developers that work to maintain and improve the protocol - plays a critical role in shaping the rules and norms that govern the network.

The Bitcoin social contract is a dynamic and evolving agreement between all those who participate in the network. By adhering to the principles of property rights, freedom of speech, and sound monetary policy, Bitcoin provides a powerful and disruptive alternative to traditional financial systems.

As we continue to navigate the complexities of this rapidly-evolving space, it is important that we remain committed to these fundamental principles, and work to ensure that the Bitcoin network remains a bastion of freedom and opportunity for all.

ad 1) except if you buy with KYC or otherwise doxx your bitcoin hodl to govt, then they can bully you to give it to them or pay a wide variety of taxes on it in the future.

(I've seen on the bird app that Russia will attempt to do just that quite soon. Not sure about how they respond to the boating accident stories, but I'm sure wrenches are not very expensive in Russia.)