A note from Daniel

One could argue that blockchains, more than other technologies, exacerbate speculative cycles because their key innovation is to enable digital ownership. When you own something, you can do what you like with it, including buying or selling it. If we lived in a world in which you could only rent houses, and one day someone invented a way for you to own houses, speculative real estate markets would almost certainly pop up.

Daniel Read Write Own, page 152 · March 12, 2024 Save to shelf
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