6min chapter

The "What is Money?" Show cover image

A System of Stratified Lies | The Weinstein Series | Episode 4 (WiM095)

The "What is Money?" Show

CHAPTER

The Bitcoin Mining Network Is What's Preserving Your Property Right

Bitcoin is the first property right that's emerged independent of the monopoly on violence. It has nothing to do with any national government, whatever. You could argue that there are some second order effects of bitcoin mining being peaceable because it's within the boundaries of a nation state. We already have certain sorts of fears that if the value in a bitcoin world started to ignore the cost of producing tokens and become so energy antense. So my concern is that a lot of us are so sick of the ordinary norme world that we fully embrace anything from the periphery,. you may come to regret those real decisions when you've made them.

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