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Robert Breedlove discusses the nature and properties of money, people's biases toward the dollar, and how Bitcoin serves as a libertarian cheat code in the battle over state coercion. They explore the question of what is money, the properties of money, and the significance of scarcity. They also discuss the potential threat of central bank digital currencies and the importance of studying economics and understanding the principles of private property. The chapter concludes by exploring how Bitcoin can make money theft-proof, aligning with the core ethos of natural law, and its potential to enhance freedom and change the way we treat one another.
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Quick takeaways
- Bitcoin aligns with the principles of natural law, making it theft-proof and concordant with the promotion of individual liberty.
- Bitcoin has the potential to separate money from centralized governments, reducing their power and influence and creating demand for theft-proof money.
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Bitcoin as theft-proof money
Bitcoin is a unique asset that is extremely difficult to steal or seize if custody properly, making it theft-proof. It aligns with the core principles of natural law, particularly the principle of not stealing. Bitcoin's ability to preserve purchasing power and provide a tool for financial independence makes it concordant with classical liberal philosophy and the promotion of individual liberty.
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