Digital Property Rules can be exercised without using Violence and Across Borders

What is Bitcoin Good for?  > Digital Property Rules can be exercised without using Violence

  1. In the physical world, property rights are enforced through violence.
  2. In the digital world property rights do not have to be enforced with violence.
    • Bitcoin’s property registry (ledger) is mirrored on tens of thousands of computers around the world which makes it virtually impossible to steal.
    • Bitcoin can be configured to require multiple keys which may be distributed around the world.
      Gold can’t do this.
  3. You can give backup signing rights to people you trust, rather than your bank and government.
    • In the event that you get locked out of your house, you may keep a key with family or a neighbor.
    • Give people you trust backup keys to your digital money vault.
  4. Digital property rights apply across national borders.
    • People can send money to family that live in other countries.
    • People can flee bad governments with Bitcoin more easily than they can with gold or paper money.