Throughout human history, defending wealth—whether land, gold, or resources—has always required physical kinetic power: walls, weapons, armies, and human lives. Defending property has always cost blood. #Bitcoin introduced a paradigm shift: it is also defended by physical power—but electrical power. It replaces the cost of human lives with the cost of an electricity bill. Complaining that Bitcoin “uses energy” is like complaining that a hospital uses electricity to keep a patient alive. It’s the cost of security—but for the first time in history, achieved in a peaceful and universally accessible way. image

Replies (2)

A similar thing occurred to me some time ago. Bitcoin is the most perfect system of property rights ever invented. Your claim to your house, your car, your fiat bank acc't, etc... They're all contingent on the State. Systems like the US Bill of Rights try to ensure that the State has limits on their taking, but nonetheless, the rights are all granted and revocable within the context of the State. Conversely, Bitcoin is something you can "own" in perhaps a truer sense than any other concept of ownership in history (save perhaps for the idea of bodily self-ownership). The ownership of Bitcoin is both irrevocable and independent of any State entity.
R's avatar
R 2 months ago
Moral, defendable, security is watt it is.