Trilema (Mircea Popescu's blog) is an amazing source of wisdom about Bitcoin. I've read it a lot back in the early years and I saved some posts in my bookmarks. Sometimes I spend hours and hours re-reading some of them. Amazing writing.
A must read.
This quote is from The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous. It discusses the superiority of Bitcoin over fiat currencies in terms of preserving property rights and addresses how this fundamental feature makes Bitcoin a better system in the long run. The specific section you are quoting can be found in Chapter 1, where Ammous emphasizes the importance of property rights as a foundational element for the success of a monetary system.
Publication Information:
Book Title:The Bitcoin Standard: The Decentralized Alternative to Central Banking
Ammous' perspective is quite bold and centers on the idea that Bitcoin, with its decentralized nature and resistance to manipulation, provides a more secure form of preserving wealth and property compared to fiat systems. He argues that regardless of other factors like inflation or security issues, the very foundation of a system—its ability to safeguard property rights—determines its survival and superiority. Some might find his position too rigid or idealistic, but it taps into a fundamental philosophical debate about the nature of money and its role in society.
Personal Opinion: