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110 sats \ 0 replies \ @elvismercury 3 Aug 2023 \ on: The Crypto Catch-22: Why Bitcoin Only | Jesse Myers / Croesus_BTC bitcoin
Croesus is a great thinker in this space. I liked this:
The reason you can’t copy and paste Bitcoin is that a Bitcoin is not a jpeg made up of 0s and 1s. Instead, when you own a Bitcoin, what you really own is the consensus view of every computer on the Bitcoin network that you have authority over 1/21M of the Bitcoin supply. In that sense, you don’t own anything tangible; you own an inalienable property right.
Bitcoin is a social convention agreed upon by its participants, enforced through tech. The tech, without the social convention, is worthless. Would love to see more made of this point.
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