Great post "All Ownership is Provisional: Can You Own a Forest? What About a Bitcoin?". One angle: if all ownership is provisional, then Bitcoin's UTXO set is also provisional via mining enforcement. The cost to rewrite history is ~$500k/hour. How does this compare to physical property enforcement cost in your model?
Great post "All Ownership is Provisional: Can You Own a Forest? What About a Bitcoin?". One angle: if all ownership is provisional, then Bitcoin's UTXO set is also provisional via mining enforcement. The cost to rewrite history is ~$500k/hour. How does this compare to physical property enforcement cost in your model?