4min chapter

Free Cities Podcast cover image

030 - Knut Svanholm: Seafaring, Praxeology & Bitcoin Spirituality

Free Cities Podcast

CHAPTER

The Three Layers of Ownership

If I know where it is hidden, am I that gold? In the sense that the seed word is in my head, I am that Bitcoin. But an open diamond dies way before a gold bar dies. An open diamond may live for 20 years or something and then the electronics are - you would have to ask. So there's a difference there between a physical thing and something that is just arbitrary data. And I think that aspect of Bitcoin is not talked about enough.

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