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!
jake
npub10q…ysenv
2023-07-04 20:10:03
Author Public Key
npub10q7n6zjvw9dgtfpqv6uhtjfn6jmfxrycr3nc5qsdcst5wh9e94xq0ysenvPublished at
2023-07-04 20:10:03Event JSON
{
"id": "e3b8fe4a28525d7ff8c0f19078e456a94ed1b76473e9c1c2e2924ce65ab9ad62",
"pubkey": "783d3d0a4c715a85a42066b975c933d4b6930c981c678a020dc417475cb92d4c",
"created_at": 1688501403,
"kind": 1,
"tags": [],
"content": "Five inventions of bitcoin, EACH of which is so profoundly revolutionary that its impact and value cannot be calculated. Never before existed:\n\n-Absolute scarcity: The first and only substance on earth of finite quantity \n\n-Real digital limits: Digital data bound by the laws of physics (via ‘proof of work’), creates singular digital objects that cannot be copied / reproduced\n\n-Pure shared custody: The only substance/asset that can be jointly-owned by multiple parties without any supervising authority\n\n-Machine money: The only asset that can be independently possessed and spent by machines/AI \n\n-Uneditable history: Immutable, unfalsifiable, time-stamped historical record of any data type (not just financial transactions!)\n\nThis list expands as I ponder it further. Don’t hesitate to add!",
"sig": "29089db00fb5d894927731046d80af064cc418959a83e8d240a50a96b787bd79fdc4cad30711814811b0db15505a29b258a4e9d8f756b86fa233daf92a17ac1c"
}