_Good Morning_\

☕ 📖 🌞

# Cryptoeconomics

**by [Erik Voskuil](https://github.com/evoskuil).**\

**The book can be found on [GitHub](https://github.com/libbitcoin/libbitcoin-system/wiki/Cryptoeconomics).**

### Brand Arrogation

_**Arrogation** refers to the act of claiming or seizing something without justification or right, often in an authoritative or presumptuous manner._

- **Conceptual Nature**: Bitcoin is a set of concepts, not a specific chain; no one can control these concepts.

- **Evolution**: People will use 'Bitcoin' to describe various chains and splits as they evolve, similar to other commodities like gold or oil.

- **Declaration**: Bitcoin binds concepts, not rules, protocols, or implementations.

- **Brand Association**: Investors desire brand association, but there's no legitimate claim to the 'Bitcoin' brand.

The rest of the summarized chapters are at https://expatriotic.me