bradmillscan on Nostr: If Bitcoin is digital property and Bitcoiners are becoming autonomous/sovereign ...
If Bitcoin is digital property and Bitcoiners are becoming autonomous/sovereign individuals, the historical analogy of being paid in Bitcoin for services lines up with pledging allegiance to a nobleman / Lord or Baron & getting a land grant as a fief.
Vassals would receive land grants as a reward for loyalty, but it wasn't that they owned the land, they could use it. The noble retained the rights to the property & could reclaim it on disloyalty or death.
Eventually the descendants of vassals could inherit the land but they would still have to pay homage & fealty to the lord/nobleman to keep it.
Vassals of a lord/baron were expected to do things such as accompany them on travel as an entourage, give them counsel on legal matters, fight with them in battle (or hire a mercenary) & let the lord & his servants use their accommodations when required.
With bitcoin lending & miniscript maturing, this could actually come to fruition a lot sooner than we think.
Imagine giving a fiefdom of 1 BTC to a vassal of your citadel where you are using a composable miniscript multisig setup that allows for your vassal to borrow against the BTC and "work his digital property" ... but the even of disloyalty (he doesn't pay back the loan) or death, the BTC comes back into your treasury.
For viceroys, castellans or other direct reports declare allegiance to your digital citadel, a blockchain property grant of X BTC could be created as a reward to demonstrate your trust & support, or if you want it to be earned it could take the form of a decaying multisig that decays to just a single sig or multisig that is in their control after X time of proving loyalty.
Vassals would receive land grants as a reward for loyalty, but it wasn't that they owned the land, they could use it. The noble retained the rights to the property & could reclaim it on disloyalty or death.
Eventually the descendants of vassals could inherit the land but they would still have to pay homage & fealty to the lord/nobleman to keep it.
Vassals of a lord/baron were expected to do things such as accompany them on travel as an entourage, give them counsel on legal matters, fight with them in battle (or hire a mercenary) & let the lord & his servants use their accommodations when required.
With bitcoin lending & miniscript maturing, this could actually come to fruition a lot sooner than we think.
Imagine giving a fiefdom of 1 BTC to a vassal of your citadel where you are using a composable miniscript multisig setup that allows for your vassal to borrow against the BTC and "work his digital property" ... but the even of disloyalty (he doesn't pay back the loan) or death, the BTC comes back into your treasury.
For viceroys, castellans or other direct reports declare allegiance to your digital citadel, a blockchain property grant of X BTC could be created as a reward to demonstrate your trust & support, or if you want it to be earned it could take the form of a decaying multisig that decays to just a single sig or multisig that is in their control after X time of proving loyalty.