jake on Nostr: Eight inventions of bitcoin, EACH of which is so profoundly revolutionary that its ...
Eight inventions of bitcoin, EACH of which is so profoundly revolutionary that its impact and value cannot yet 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 bottom feeder: Locate-anywhere, instant on/off energy consumer enables 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)
-Micro-transactions: Combined with Lightning network or similar protocol, enables instant, direct, global transaction of tiny amounts of value via internet
None of these exist 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 bottom feeder: Locate-anywhere, instant on/off energy consumer enables 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)
-Micro-transactions: Combined with Lightning network or similar protocol, enables instant, direct, global transaction of tiny amounts of value via internet
None of these exist without Bitcoin.