#Bitcoin (on layer 1) solved (a) #Decentralization and (b) Security. Never in history has society had decentralization and security together.
Thirteen years after its discovery/invention by pseudonymous #SatoshiNakamoto and no matter the amount of nation-state, economic challenge, or FUD (Fear, Uncertainty Doubt) thrown at it, it remains decentralized and completely secure.
This is a bigger deal than it seems at first glance. Because society throughout time could never rely on decentralization and security together, they needed to rely on trust in institutions and the rule of law (to keep those institutions in check) for protection. The Magna Carta, Declaration of Independence and many other such frameworks over time enshrined rights to citizens from unchecked power over them by their rulers.
The problem is that over a longer time horizon, money surpasses laws, so laws alone cannot solve trust. Laws change over time ensuring those with access to money, either re-write the laws or prevail in court.
A reflection of the world we live in shows this unfortunate truth. Ie — Where money is most broken, rule of law breaks down!
simonjajames /
npub1mu…kuehu
2024-03-09 15:06:48
Author Public Key
npub1muqhd6u3ee798kqfh4jtk83xreyc3ln0ussxy2rq5pc0mztfum9s9kuehuPublished at
2024-03-09 15:06:48Event JSON
{
"id": "5c3651e3b3adae8afb55826fadc0b8d75a241ce7e31a399d2b2907ff08f57898",
"pubkey": "df0176eb91ce7c53d809bd64bb1e261e4988fe6fe420622860a070fd8969e6cb",
"created_at": 1709996808,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"decentralization"
],
[
"t",
"satoshinakamoto"
]
],
"content": "#Bitcoin (on layer 1) solved (a) #Decentralization and (b) Security. Never in history has society had decentralization and security together. \n\nThirteen years after its discovery/invention by pseudonymous #SatoshiNakamoto and no matter the amount of nation-state, economic challenge, or FUD (Fear, Uncertainty Doubt) thrown at it, it remains decentralized and completely secure. \n\nThis is a bigger deal than it seems at first glance. Because society throughout time could never rely on decentralization and security together, they needed to rely on trust in institutions and the rule of law (to keep those institutions in check) for protection. The Magna Carta, Declaration of Independence and many other such frameworks over time enshrined rights to citizens from unchecked power over them by their rulers. \n\nThe problem is that over a longer time horizon, money surpasses laws, so laws alone cannot solve trust. Laws change over time ensuring those with access to money, either re-write the laws or prevail in court. \n\nA reflection of the world we live in shows this unfortunate truth. Ie — Where money is most broken, rule of law breaks down!",
"sig": "4c9285dce490025e6c15754f70c2dd141420dfd58574e2bdff95b1d434465606ee1435e6e7b47f14260bcb9091a270367e1a6463d89d7aaf44ec129466624b6f"
}