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31 sats \ 0 replies \ @Jon_Hodl 14 Nov 2023 \ on: Does Bitcoin solve the problem of greed/avarice ? bitcoin
No. Human nature will never change but bitcoin does naturally incentivize long term thinking. It changes the cost of using violence to steal/coerce in such a way that incentivizes honest and peaceful exchange.
With some tools like time locks, multisig, and smart contracts, I think we can further protect ourselves from greed and the violation of our right to private property.