We define property rights and examine how Bitcoin paves the way for the next stage in human evolution: Towards H. sapiens bitcoinensis.
1. Where property rights come from
To understand what the intrinsic value of any good really is — be it a bitcoin or a bar of gold; a painting or its NFT; a carrot or a car — one must first take a step back and truly grok property rights.
The widely-held belief is this: It…