This is just semantics. You could make that argument about anything depending on your definition of "ownership." According to Merriam-Webster... "Own" - To have or hold as property. - To have power or mastery over. How do you reconcile Bitcoin's solution for property rights and self-sovereignty when you apparently can't own the property?

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MindMining's avatar
MindMining 1 year ago
Exactly. Well explained. I came from a Murray Rothbard point of view myself to ask some (I hoped) challenging questions, but clearly I missed what I aimed for πŸ˜‚πŸ‘Š
"You could make that argument about anything" Yes! And only when you understand why that argument is correct will you understand wealth in reality. The closer you get to owning a thing the more a target the thing becomes. The more a target you become. Read Trump's Asset Protection 101 to BEGIN to understand. Again just to begin. FWIW Trump didn't write it, it was ghost written. I'd tell you more but I don't think it would matter. FWIW it is GOOD that you can never "own" Bitcoin, it is in fact why it is so secure.
MindMining's avatar
MindMining 1 year ago
It's rather: you own the keys to move bitcoin (the number on the ledger) on Bitcoin (the network&protocol). The keys are the target. And the keys are derived from the seedphrase. If you don't own (and keep secure) the seedphrase, you don't have the keys to move bitcoin on the ledger. Hence: "not your keys, not your coins" ( - Andereas Antonopoulos?) So SAYING you don't OWN bitcoin because of whatever Trump wordsalad, is CLAIMING to have something which is in essense untouchable and therefor secure, but when someone else has your keys it can be TAKEN from you and you LOST all ownership allowing you to control absolutely nada πŸ‘Œand can spend nothing... It just logically makes no sense, but fine with me if you want to BELIEVE the case you made. Good luck. No reason to get all angry. Just keep your keys and seedphrase safe. Love the show. 😘
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