jimbocoin on Nostr: Ownership, always and everywhere, starts with what you can defend. In nature, you own ...
Ownership, always and everywhere, starts with what you can defend.
In nature, you own something you defend against decay. If you have a cabin in the woods, you have to defend it against pests, rot, weather damage, etc.
In civilization, ownership is what the law permits. That is, your property is what you can defend (enforce) legally.
In #Bitcoin, ownership is pure knowledge—access to information. You either know the keys or you don’t. Your exclusive knowledge means defending this secret.
In all cases, therefore, ownership is essentially information. That is, “in formation”.
Your cabin is yours when it is “in form” (not decayed). In civilization, you assert domain by informing others of your legitimate title claim. In Bitcoin, you own the coins that you can sign for—you can put transactions “in form”.
In nature, you own something you defend against decay. If you have a cabin in the woods, you have to defend it against pests, rot, weather damage, etc.
In civilization, ownership is what the law permits. That is, your property is what you can defend (enforce) legally.
In #Bitcoin, ownership is pure knowledge—access to information. You either know the keys or you don’t. Your exclusive knowledge means defending this secret.
In all cases, therefore, ownership is essentially information. That is, “in formation”.
Your cabin is yours when it is “in form” (not decayed). In civilization, you assert domain by informing others of your legitimate title claim. In Bitcoin, you own the coins that you can sign for—you can put transactions “in form”.