jake on Nostr: Ten inventions of bitcoin, EACH of which is so profoundly revolutionary that its ...
Ten inventions of bitcoin, EACH of which is so profoundly revolutionary that its value and impact cannot be calculated.
-Absolute scarcity: The first and only substance on earth of finite quantity
-Real digital limits: Digital data bound by the laws of physics (via ‘proof of work’), creates singular digital objects that cannot be copied / reproduced
-Pure shared custody: The only asset that can be jointly-owned by multiple parties without any supervising authority
-Machine money: The only asset that can be independently possessed and spent by machines/AI (to pay other machines or even humans)
-Uneditable history: Immutable, unfalsifiable, time-stamped historical record of any data type (not just financial transactions!)
-Energy ‘dung beetle’: The only locate-anywhere, instant on/off energy consumer — enabling previously impossible renewables buildout, grid stabilization, and methane mitigation (flared and landfill)
-Non-violent property defense: Secures real assets via impenetrable cryptography rather than by threat of violence (by person or state)
-Time-locking: The first and only asset that can be irretrievably locked away for a pre-determined interval of time — without any entity holding custody or having access
-Micro-transactions: Combined with Lightning network or similar protocol, enables instant, direct, global transaction of tiny amounts of value via internet
-Undetectable bearer instrument: The first and only bearer asset a person can carry on their person within their mind — across time, space, borders, scanners, searches — and with no limit on quantity
Each of these is an entirely new invention or discovery, not possible prior to — or without — bitcoin.
-Absolute scarcity: The first and only substance on earth of finite quantity
-Real digital limits: Digital data bound by the laws of physics (via ‘proof of work’), creates singular digital objects that cannot be copied / reproduced
-Pure shared custody: The only asset that can be jointly-owned by multiple parties without any supervising authority
-Machine money: The only asset that can be independently possessed and spent by machines/AI (to pay other machines or even humans)
-Uneditable history: Immutable, unfalsifiable, time-stamped historical record of any data type (not just financial transactions!)
-Energy ‘dung beetle’: The only locate-anywhere, instant on/off energy consumer — enabling previously impossible renewables buildout, grid stabilization, and methane mitigation (flared and landfill)
-Non-violent property defense: Secures real assets via impenetrable cryptography rather than by threat of violence (by person or state)
-Time-locking: The first and only asset that can be irretrievably locked away for a pre-determined interval of time — without any entity holding custody or having access
-Micro-transactions: Combined with Lightning network or similar protocol, enables instant, direct, global transaction of tiny amounts of value via internet
-Undetectable bearer instrument: The first and only bearer asset a person can carry on their person within their mind — across time, space, borders, scanners, searches — and with no limit on quantity
Each of these is an entirely new invention or discovery, not possible prior to — or without — bitcoin.