The "What is Money?" Show

Bitcoin as a Weapons System | The Jason Lowery Series | Episode 3 (WiM134)

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Feb 9, 2022
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INSIGHT

Bitcoin as a New Rule of Law

  • Bitcoin is a new rule of law written in C++ where nodes act as legislators.
  • Miners are paid in Bitcoin to defend the network, similar to how traditional militaries protect physical property.
INSIGHT

Nuclear Stalemate

  • Nuclear weapons create a stalemate in kinetic warfare, making them too costly to use.
  • This necessitates trust in those controlling these weapons, limiting permissionless property control.
INSIGHT

Bitcoin as a New Jurisdiction

  • Bitcoin offers a new jurisdiction for monetary property, separate from physical location.
  • Individuals become legislators by running nodes, aligning incentives for a stable monetary system.
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