6min chapter

The "What is Money?" Show cover image

Centralized Law vs Decentralized Law with Stephan Kinsella (WiM099)

The "What is Money?" Show

CHAPTER

What Is Property Rights?

Bitcoin is not a property right, because the nature of bit coin is that it's a distributed ledger. If you're riting a note, you have a copy of the block chain on your computer. So technically speaking, as a purely analytical matter, as a juristic lawyer, i would ayou don't own bit coin. The whole reason you have property rights is in response to scarcity and conflict. And if basically aggression is impossible, if everyone's a little manny, or god, you could conjure up all the house goods and food and people wouldn't hurt each other. Now, with thit coin, luckily, you don't need it, bhit coin is something

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode