1/4 Bitcoin represents a paradigm shift on so many levels. Its ‘unconfiscatability’ is one of them. Prior to it, power could always be used to take wealth, and as a result, power was required to protect wealth and create order (manifesting many societal institutions, such as law)
2/4 Such a dynamic makes abuses and conflict inevitable (power corrupts)—and true freedom impossible. What is the ‘ordering principle’ in a bitcoin paradigm, where power cannot be used to steal wealth?
3/4 Harmony, via aligned incentives, inspired by the knowledge that *now* cooperation, not power, is the most efficient means of obtaining wealth. During the transition, as the old system fails, wealth will flow from assets in the old paradigm (confiscatable)..
4/4 ..to those in the new paradigm (unconfiscatable). As such, it’s unlikely that homes will be peoples primary asset in a bitcoin paradigm. Either way, this shit is gonna be beautiful😊
#bitcoin
#bitcoin
AKA: The peace and prosperity that will emerge as a result will represent a profound step change in the story of humanity.
