How Bitcoin Protects Private Property Rights….

Great read on how Bitcoin benefits us by protecting our private property rights….


“Bitcoin’s blockchain, by design, makes it impossible for private and public actors to take control of someone else’s money. The blockchain is immune to theft and unitary control because it is a decentralized system. The blockchain is spread across a network of computers, called nodes, and to control the blockchain, you would have to control at least 50% of the nodes in the network. This is a virtual impossibility because the amount of energy and resources needed to control 51% of the network would be insurmountable by any practical measure today. The blockchain has stood the test of time, in that 51% of it has yet to remain under the control of a single actor, and as the number of nodes grows, this becomes less and less likely to happen.

Citizens under an authoritarian government do not have to worry about the government stealing their bitcoin, nor do they have to rely on inept failing governments to protect their property.

For millions of people around the world, bitcoin is their first chance to practice self-sovereignty over their own money. Their money is under their control and they don’t have to worry about anyone stealing it. Bitcoin is helping them preserve the human right to private property.”


Master Asked on April 25, 2022 in Bitcoin.
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