Independent Property Rights

Until now, it was impossible to have strong property rights in places with a weak local government. Bitcoin does not depend on the existing system in any way and can give us the highest form of property rights.

Unpacking Bitcoin’s Social Contract

The bitcoin protocol automates the contract agreed upon on the social layer, while the social layer determines the rules of bitcoin, based on the consensus of its users.

An Honest Account of Fiat Money

Discussions about Bitcoin often start from the presumption that fiat money is terrible and against the will of the people. We think a discussion about money and Bitcoin should start by acknowledging both — the good, and the bad — of the fiat system.