The Most Important Scarce Resource Is Legitimacy
Metadata
Highlights
- What’s going on here is a pattern of a similar type to what we saw with the not-yet-issued Bitcoin and Ethereum coin rewards: the coins were ultimately owned not by a cryptographic key, but by some kind of social contract.
title: “The Most Important Scarce Resource Is Legitimacy”
author: “vitalik.ca”
url: ”https://vitalik.ca/general/2021/03/23/legitimacy.html”
date: 2023-12-19
source: pocket
tags: media/articles
The Most Important Scarce Resource Is Legitimacy
Metadata
Highlights
- What’s going on here is a pattern of a similar type to what we saw with the not-yet-issued Bitcoin and Ethereum coin rewards: the coins were ultimately owned not by a cryptographic key, but by some kind of social contract.