Joakim Book on Nostr: Why fiaters don't understand bitcoin ownership: The fiat world's understanding of ...
Why fiaters don't understand bitcoin ownership:
The fiat world's understanding of "property" is that of a **car**: mobile, tangible, and subject to society's approval. When the government rulers over your arbitrary plot of land no longer thinks the car is yours, they take it. You can complain, but their guns are bigger than yours; and you won't get to keep the car.
The Bitcoiner understanding of "property" is that of a tattoo: immobile, value mostly intangible, and it couldn't give two shits about society's so-called approval. When the government rulers over your arbitrary plot of land no longer thinks the tattoo is yours, they... don't even know where it is, who holds it, what its meaning is. They can't remove it. If they used their oversized guns to forcibly do so, its value won't accrue to *them* or their cronies but disappear for everyone.
Bitcoin is different.
The fiat world's understanding of "property" is that of a **car**: mobile, tangible, and subject to society's approval. When the government rulers over your arbitrary plot of land no longer thinks the car is yours, they take it. You can complain, but their guns are bigger than yours; and you won't get to keep the car.
The Bitcoiner understanding of "property" is that of a tattoo: immobile, value mostly intangible, and it couldn't give two shits about society's so-called approval. When the government rulers over your arbitrary plot of land no longer thinks the tattoo is yours, they... don't even know where it is, who holds it, what its meaning is. They can't remove it. If they used their oversized guns to forcibly do so, its value won't accrue to *them* or their cronies but disappear for everyone.
Bitcoin is different.