My list keeps growing:
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 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.
jake
npub10q…ysenv
2023-07-20 05:33:16
Author Public Key
npub10q7n6zjvw9dgtfpqv6uhtjfn6jmfxrycr3nc5qsdcst5wh9e94xq0ysenvPublished at
2023-07-20 05:33:16Event JSON
{
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"pubkey": "783d3d0a4c715a85a42066b975c933d4b6930c981c678a020dc417475cb92d4c",
"created_at": 1689831196,
"kind": 1,
"tags": [],
"content": "My list keeps growing:\n\nTen inventions of bitcoin, EACH of which is so profoundly revolutionary that its value and impact cannot be calculated.\n\n-Absolute scarcity: The first and only substance 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 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 (to pay other machines or even humans)\n\n-Uneditable history: Immutable, unfalsifiable, time-stamped historical record of any data type (not just financial transactions!)\n\n-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)\n\n-Non-violent property defense: Secures real assets via impenetrable cryptography rather than by threat of violence (by person or state)\n\n-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\n\n-Micro-transactions: Combined with Lightning network or similar protocol, enables instant, direct, global transaction of tiny amounts of value via internet\n\n-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\n\nEach of these is an entirely new invention or discovery, not possible prior to — or without — bitcoin.",
"sig": "d20cc5b3649384fcc8b7f190b674fc2de360b976f58ffd78f6771cd5bcb3937fa742ed32d3c1c93d1c469351bd4c2201bf1d13d6c989b66990138d52823b94ee"
}