“What makes this method of producing and recording information so special that it imparts monetary value to the record? First, the record is kept on ledgers maintained independently and voluntarily by tens of thousands of computers dispersed around the world. Second, the sanctity of the record is ensured by hundreds of thousands of specialized computers that expend tens of millions of dollars a day to keep the records secure from manipulation. Third, cryptographic techniques are used by which users control their ownership record on the distributed ledger and securely enter into transactions. These factors together attribute monetary value to these digital ownership records.”
The Bitcoin ecosystem is a flywheel of checks-and-balances where not only is the medium perfectly the message but the map is the territory.
When the ledger and the asset are the same, you got a perfect ‘digital•commodity’ — an objective database backed by the strongest computer network in the world.
AKA Perfect information anchored by energy.
