A traditional empire exports security - it acts as a policeman in the local area (or world), ensuring the law is followed.
Similarly, one of its basic functions is to honor private property rights.
Bitcoin's #1 value proposition is itself security too - but decentralized security.
It acts as an alternative and immediately outcompetes less-competent states that do not enforce property rights well.
-- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/saylor-series-episode-2-the-rise-of-man-through-the-dark-and-steel-ages-robert-breedlove
2minutebitcoin
npub1p6…9ej3v
2023-05-02 12:08:34
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-05-02 12:08:34Event JSON
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"content": "A traditional empire exports security - it acts as a policeman in the local area (or world), ensuring the law is followed.\n\nSimilarly, one of its basic functions is to honor private property rights.\n\nBitcoin's #1 value proposition is itself security too - but decentralized security.\n\nIt acts as an alternative and immediately outcompetes less-competent states that do not enforce property rights well.\n\n-- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/saylor-series-episode-2-the-rise-of-man-through-the-dark-and-steel-ages-robert-breedlove",
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}