Bitcoin and the Promise of Independent Property Rights

A framework for skeptics, part 3

By Su Zhu and Hasu

Photo by Thought Catalog on Unsplash

In the second part, we showed how Bitcoin is a novel social and economic institution. But the question remains: Who is going to use it? Is there a place for Bitcoin among other institutions, and if so, where is it? Is Bitcoin just a terribly inefficient competitor to PayPal…