“That is the key innovation of Bitcoin: It detaches property rights from the legal system and the monopoly on violence. For the first time, we can have property that does not rely on a local authority to enforce and protect. It is easy to conceal, defend, divide, move, and verify — all by yourself, granting you the highest level of personal sovereignty.” @Hasu & @suzhu

Don’t miss Part 3 of the “Skeptics Guide to Bitcoin” breaking down how Bitcoin enables property rights under an entirely new paradigm of social institution.  Is Bitcoin a competitor to VISA and Paypal, or something else entirely?

Check out the full article, plus the rest of this series and many other great articles by clicking the link:

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