Comment by beenBoutIT
4 hours ago
In the near future every nation state will be vying for the largest stake of the BTC mining pie and the BTC race will be bigger than the Space Race and the Nuclear Arms Race combined and adjusted for inflation.
4 hours ago
In the near future every nation state will be vying for the largest stake of the BTC mining pie and the BTC race will be bigger than the Space Race and the Nuclear Arms Race combined and adjusted for inflation.
Why? BTC is not just worthless, it has negative value due to how much electricity it takes to securely mine new blocks.
That's like saying cars have negative value because of how much oil it takes to run them.
But cars are useful.
Did you read the paper? There exists a technology that has purely enforceable property rights. What is that actually worth? I don't know.
Yeah yeah, I've read the arguments about liquidity issues, shutting down the rails, making it illegal to trade, etc. but that's beside the point and depends on a thousand future variables to play out. So I don't know if btc will make it or not, but I do know property rights mean everything to humans. They literally determine whether not one is a slave (I am my own property). So just the ability to have a technology enables pure property rights to a world where nobody really has enforceable property rights over anything seems pretty interesting to me.
Property rights are enforced with guns.
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