🏆 [Analysis] Bitcoin and the Promise of Independent Property Rights - Su Zhu and Hasu
In Part 3 of their "Framework for Skeptics" Bitcoin series, Su and Hasu explore why civilizations created corporations and centralized institutions, the requirements for a stable "institutional stack" of protections and assurances, and how Bitcoin can iterate on the inefficiencies and deficiencies of existing centralized institutions. Su and Hasu argue that corporate institutions streamline certain human interactions, but Bitcoin carries those benefits to a more advantageous level by enabling "the highest form of property rights of any socio-economic institution in the history of man."
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