> Before Bitcoin, all digital scarcity was scarcity by authority—authority that can be circumvented or exploited. It was always simulated scarcity. Virtual, not real.
> Bitcoin is the first money that is digital but not virtual. Before Bitcoin, any link between the digital and the physical was always rooted in trust and human interpretation, not physical reality. Bitcoin’s link to the real world is defined by numbers and their mathematical relationships; relationships so extreme, that they can only be brought about by real events in the real world. Consequently, the processes in Bitcoin are not subject to opinion or interpretation.
https://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/
Gigi
npub1de…9xzpc
2023-02-17 11:37:45
Author Public Key
npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpcPublished at
2023-02-17 11:37:45Event JSON
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"pubkey": "6e468422dfb74a5738702a8823b9b28168abab8655faacb6853cd0ee15deee93",
"created_at": 1676633865,
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"tags": [],
"content": "\u003e Before Bitcoin, all digital scarcity was scarcity by authority—authority that can be circumvented or exploited. It was always simulated scarcity. Virtual, not real. \n\n\u003e Bitcoin is the first money that is digital but not virtual. Before Bitcoin, any link between the digital and the physical was always rooted in trust and human interpretation, not physical reality. Bitcoin’s link to the real world is defined by numbers and their mathematical relationships; relationships so extreme, that they can only be brought about by real events in the real world. Consequently, the processes in Bitcoin are not subject to opinion or interpretation. \n\n\nhttps://dergigi.com/2022/10/02/bitcoin-is-digital-scarcity/",
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}