this post was submitted on 31 Oct 2023
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Ok, but just humour me.
Should someone be allowed to build their own house?
If they have a house, are they allowed to give it to someone else in exchange for something?
Could that something they exchange it for be a rare asset, which takes a long time to produce and stores easily?
Should someone be allowed to store that asset on your behalf and issue a piece of paper that promises to repay the bearer?
Congrats, you’ve invented money, banking, investments, fractional reserves etc etc
And it starts with a simple question: Do you recognise ownership? Everything follows from that.
… and if you don’t recognise ownership in this future world of yours, I expect you’ll have a hard time convincing people it’ll be very enticing.