Bitcoin is the most famous manifestation of digital energy, a crypto asset network that has monetary value. A decentralized proof-of-work network.

Satoshi's solution was establishing a protocol running on a distributed set of computers, that will maintain a constant supply of never more than 21 million Bitcoin, subdividable by a hundred million satoshis, each transferable via transferring private keys.

Now the innovation is to create that in an ethical durable fashion, the ethical innovation is that Bitcoin is property and not a security. A bushel of corn, an acre of land, a stack of lumber, a barrel of oil, a bar of gold, a Bitcoin are all property.

That means, they're all commonly occurring elements in the world.

As soon as you look at what's in the best interest of the human race / civilization, you realize that if you want an ethical path forward, it needs to be based on common property, which is fair.

The way you get to a common property is through an open permissionless protocol. If it's not open, if it's proprietary & I know what the code says & you don't know what the code says, that makes it a security.

If you're not allowed on my network or if you can be censored or booted off my network, that also makes it a security.

When we talk about property, the challenge is how to create something that's equivalent to a barrel of oil in cyberspace.

That means it has to be a non-sovereign bearer instrument, open, permissionless, not censorable.

A really critical characteristic & it actually is it's probably, one of the fundamental things that makes Bitcoin special, Bitcoin isn't just a crypto asset network.

It’s easy to create a crypto asset network, it's very hard to create an ethical crypto asset network, because you have to create one without any government, or corporation, or investor exercising into influence, to make it successful.

Bitcoin is the most difficult property that the human race possesses or has yet invented to confiscate, & that's by virtue of the fact, that you could take possession of it by your private keys.

If you got your 12 seed phrases in your head, then that would be the highest form of property rights, because I literally have to crack your head open & read your mind to take it. It doesn't mean, I couldn't extract it from you under duress, but it means that it's harder than every other thing you might own!

In fact, it's exponentially harder if you consider every other thing you might own, a car, a house, a share of stock, gold, diamonds, property rights, intellectual property rights, movie rights, music rights… Anything imaginable… They would all be easier by orders & orders of magnitude to seize.

So digital property & the form of a set of private keys, is by far the apex property of the human race.