jake on Nostr: Five inventions of bitcoin, EACH of which is so profoundly revolutionary that its ...
Five inventions of bitcoin, EACH of which is so profoundly revolutionary that its impact and value cannot be calculated. Never before existed:
-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 substance/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
-Uneditable history: Immutable, unfalsifiable, time-stamped historical record of any data type (not just financial transactions!)
This list expands as I ponder it further. Don’t hesitate to add!
-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 substance/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
-Uneditable history: Immutable, unfalsifiable, time-stamped historical record of any data type (not just financial transactions!)
This list expands as I ponder it further. Don’t hesitate to add!