4min chapter

The "What is Money?" Show cover image

What is Capitalism? with Ryan Moran (WiM270)

The "What is Money?" Show

CHAPTER

Isn't the State the Solution?

Bitcoin is the first private property right independent of the state. It doesn't require enforcement by the state, it requires enforcement by the mining network. And if you custody it properly, it's almost impossible to violate. If you're custody in your Bitcoin and a multi-sig or multi-key solution, it's the most expensive form of private property to steal in human history.

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