“Bitcoin is the ultimate implementation of the ancient idea of ‘private property’.

The optimal institution & concept of ‘Private Property’ rights allows us to sort out disputes over scarce resources. Before Bitcoin, this was only achieved through trust based systems. We always had to trust the guardians & administrators to the monopoly of power to protect our Private Property rights and not exploit that power.

Bitcoin has implemented the laws of physics into this social domain to create a trust minimized system to protect private property.”

Thoughts taken from nostr:nprofile1qqs2xpwv3yngvx7auhr3hwm06w2tkn82dm6lt7ryq2eynlzuavxwygq75vxvf on The What Is Money Show.