#### This article is in American English, followed by Google Spanish. Este artículo está en inglés americano, seguido de español de Google. # Bitcoin como bien público. # Bitcoin as a public good. - I watched a talk by Jack Mallers, CEO of Strike, a centralized exchange and money transmitter business, and then I read the article on Medium of the same name, from which some of Jack Mallers slides came from which he used in his talk. I enjoyed each presentation of this interesting idea, from their respective perspectives, and I wish to give my third personal persepctive. ## Bitcoin the blockchain and bitcoin the token, a Public Good? - It's a interesting concept to call a cryptocurrency blockchain and it's utility token, bitcoin, a public good, but I think they both have a point worth discussing. - Their thesis is that bitcoin, and the Bitcoin blockchain, are a public good similar to the internet. ## What is a Public Good in the Digital Age? - The example given, as the first Public Good in the Digital Age is the internet. - They feel this way because the internet represents a revolutionary step into the future of the exchange of information; where everyone has access to the information on the internet, and anyone can exchange information on the internet. - This idea where everyone has access to the internet and the information on the internet and the ability to exchange information on the internet, represents a revolutionary breakthrough in how humans store, distribute and access information in the current era called the Digital Age. https://img.leopedia.io/DQmfYHJKmS2u4Z3FNUpesaFFZ66P28aUADGdTPzdKznWBj5/Screenshot%202025-03-25%20at%204.16.37%E2%80%AFPM.png [source](https://platon-network.medium.com/bitcoin-the-first-entirely-human-made-public-good-in-the-digital-age-2fdc5cbb02d8) ## Why Bitcoin and bitcoin? - The thesis they both put forward, in their words, which are different and perhaps more lengthy and complex then mine, is this: Bitcoin the blockchain, and bitcoin the token, represent a technological revolution in the way humans send value across the internet, as money. Money being the medium of exchange for goods and services. - The basis of this revolution, and what they call a factual description of our current monetary system; we don't send money over the internet now, we send a promise to pay money, over the internet. And a Promise to pay is called a debt. So we don't actually send money, over the internet, we send debts over the internet. - The second part of their thesis is that Bitcoin is a revolution in the way humans send money, the medium of exchange for goods and services over the internet. When we send bitcoin over the Bitcoin blockchain, we are not sending a promise to pay, we are sending the payment. - The last part of their thesis is an objective proof of their thesis, the current system of sending value or money, the medium of exchange for goods and services has a settlement period; defined as the amount of time you must wait to actually be paid, once someone sends you a message agreeing to pay you for your goods or services in the current monetary system, which is 2 to 30 days. This is called Delayed Settlement, or in common language delayed payment. However when you send value, or money, in the form of bitcoin over the Bitcoin blockchain, settlement, as defined as when you actually get paid, not when you receive the promise to pay, but instead the time you actually get paid, is instantaneous. Otherwise known as immediate settlement. This is the proof of their thesis that bitcoin payments, over the Bitcoin blockchain, represent a technological breakthrough in how humans make payments. - Both presentations use their words and explanations to compare the Bitcoin blockchain and bitcoin token to the internet. And both predict that transactions which represent the exchange of money, in the form of bitcoin, over the Bitcoin blockchain, will one day be as common as the exchange of information, over the internet. - Thus they both conclude that Bitcoin, and bitcoin are a global public good, just like the internet. https://img.leopedia.io/DQmT8q6HjbyFSdD3HT4LZ9B4STsBUYb5JFZihwWBm8bca22/Screenshot%202025-03-25%20at%204.28.48%E2%80%AFPM.png [source](https://platon-network.medium.com/bitcoin-the-first-entirely-human-made-public-good-in-the-digital-age-2fdc5cbb02d8) ## That's it. - I have deliberately distilled their lengthy presentations down to their essence, both to create an original summary of their ideas, and to make the idea small enough to be read quickly and perhaps understood quickly. - So what do you think? ### @shortsegments # Este artículo en español, traducido por googe. # Bitcoin como bien público. - Vi una charla de Jack Mallers, director ejecutivo de Strike, una empresa centralizada de intercambio y transferencia de dinero, y luego leí el artículo en Medium del mismo nombre, del que provinieron algunas de las diapositivas que Jack Mallers utilizó en su charla. Disfruté cada presentación de esta interesante idea, desde sus respectivas perspectivas, y deseo brindar mi tercera perspectiva personal.# Bitcoin como bien público. - Vi una charla de Jack Mallers, director ejecutivo de Strike, una empresa centralizada de intercambio y transferencia de dinero, y luego leí el artículo en Medium del mismo nombre, del que provinieron algunas de las diapositivas que Jack Mallers utilizó en su charla. Disfruté cada presentación de esta interesante idea, desde sus respectivas perspectivas, y deseo brindar mi tercera perspectiva personal. ## Bitcoin la blockchain y bitcoin el token, ¿un Bien Público? - Es un concepto interesante llamar a una cadena de bloques de criptomonedas y a su token de utilidad, bitoin, un bien público, pero creo que ambos tienen algo que vale la pena discutir. - Su tesis es que bitcoin, y la blockchain de Bitcoin, son un bien público similar a internet. ## ¿Qué es un bien público en la era digital? - El ejemplo que se pone, como primer Bien Público en la Era Digital es internet. - Lo sienten así porque Internet representa un paso revolucionario hacia el futuro del intercambio de información; donde todos tengan acceso a la información en Internet y cualquiera pueda intercambiar información en Internet. - Esta idea de que todos tengan acceso a Internet y a la información en Internet y la capacidad de intercambiar información en Internet, representa un avance revolucionario en la forma en que los humanos almacenan, distribuyen y acceden a la información en la era tecnológica actual llamada Era Digital. https://img.leopedia.io/DQmfYHJKmS2u4Z3FNUpesaFFZ66P28aUADGdTPzdKznWBj5/Screenshot%202025-03-25%20at%204.16.37%E2%80%AFPM.png [source](https://platon-network.medium.com/bitcoin-the-first-entirely-human-made-public-good-in-the-digital-age-2fdc5cbb02d8) ## ¿Por qué Bitcoin y bitcoin? - La tesis que ambos plantean, en sus palabras, que son diferentes y quizás más largas y complejas que las mías, es la siguiente: Bitcoin, la cadena de bloques, y bitcoin, el token, representan una revolución tecnológica en la forma de enviar valor a través de Internet, en forma de dinero. El dinero es el medio de intercambio de bienes y servicios. - La base de esta revolución, y lo que ellos llaman una descripción objetiva de nuestro sistema monetario actual; Ahora no enviamos dinero a través de Internet, enviamos una promesa de pagarle dinero a alguien, a través de Internet. Y una Promesa de pago se llama deuda. Entonces enviamos deudas a través de Internet. - La segunda parte de su tesis es que Bitcoin es una revolución en la forma en que los humanos envían valor, el medio de intercambio de bienes y servicios a través de Internet. Cuando enviamos bitcoins a través de la cadena de bloques de Bitcoin, no enviamos una promesa de pago, sino que enviamos el pago. - La última parte de su tesis es una prueba objetiva de su tesis, el sistema actual de envío de valor o dinero, el medio de intercambio de bienes y servicios tiene un período de liquidación; Se define como la cantidad de tiempo que debes esperar para que realmente te paguen, una vez que alguien te envía un mensaje aceptando pagarte por tus bienes o servicios en el sistema monetario actual, que es de 2 a 30 días. Esto se llama Liquidación Diferida o, en el lenguaje común, pago retrasado. Sin embargo, cuando envía valor o dinero en forma de bitcoin a través de la cadena de bloques de Bitcoin, la liquidación, definida como el momento en que realmente le pagan, no cuando recibe la promesa de pagar, sino el momento en que realmente le pagan, es instantánea. También conocido como liquidación inmediata. Esta es la prueba de su tesis de que los pagos con bitcoins, a través de la cadena de bloques de Bitcoin, representan un avance tecnológico en la forma en que los humanos realizan pagos. - Ambas presentaciones utilizan sus palabras y explicaciones para comparar la cadena de bloques Bitcoin y bitcoin con Internet. Y ambos predicen que las transacciones que representan el intercambio de dinero, en forma de bitcoin, a través de la cadena de bloques de Bitcoin, algún día serán tan comunes como el intercambio de información a través de Internet. - Por lo tanto, ambos concluyen que Bitcoin y bitcoin son un bien público global, al igual que Internet. https://img.leopedia.io/DQmT8q6HjbyFSdD3HT4LZ9B4STsBUYb5JFZihwWBm8bca22/Screenshot%202025-03-25%20at%204.28.48%E2%80%AFPM.png [source](https://platon-network.medium.com/bitcoin-the-first-entirely-human-made-public-good-in-the-digital-age-2fdc5cbb02d8) ## Eso es todo. - He resumido deliberadamente sus largas presentaciones hasta su esencia, tanto para crear un resumen original de sus ideas como para hacer que la idea sea lo suficientemente pequeña como para que sea fácilmente digerible. Entonces, ¿qué piensas? https://img.leopedia.io/DQmb7bKnr6SWgUXwhzhgcswufdJfU79qHQZoTddbgxSeHoS/Screenshot%202025-03-31%20at%202.23.38%E2%80%AFPM.png Posted Using [INLEO](https://inleo.io/@shortsegments/bitcoin-as-a-public-good-bitcoin-como-bien-pblico-lro)
author | shortsegments | ||||||
---|---|---|---|---|---|---|---|
permlink | bitcoin-as-a-public-good-bitcoin-como-bien-pblico-lro | ||||||
category | hive-126009 | ||||||
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voter | weight | wgt% | rshares | pct | time |
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team | 0 | 195,903,641,941 | 20% | ||
nanzo-scoop | 0 | 1,430,121,834 | 75% | ||
mummyimperfect | 0 | 560,135,938 | 75% | ||
ak2020 | 0 | 41,453,128,706 | 75% | ||
emily-cook | 0 | 2,557,560,696 | 75% | ||
shanghaipreneur | 0 | 3,053,510,736 | 13% | ||
scaredycatguide | 0 | 49,794,279,322 | 100% | ||
t-bot | 0 | 1,539,093,096 | 75% | ||
stefanialexis | 0 | 513,236,403 | 12% | ||
ripperone | 0 | 4,574,949,177,876 | 47% | ||
nicewoody69 | 0 | 2,002,937,191 | 100% | ||
pouchon | 0 | 80,664,718,941 | 9% | ||
l337m45732 | 0 | 21,746,110,349 | 20% | ||
iansart | 0 | 2,128,532,903 | 50% | ||
bitrocker2020 | 0 | 45,339,039,663 | 6% | ||
scooter77 | 0 | 8,753,061,333 | 3.6% | ||
samminator | 0 | 3,421,756,852 | 3% | ||
arrliinn | 0 | 6,769,915,366 | 2.4% | ||
spectrumecons | 0 | 1,327,673,237,056 | 20% | ||
joeyarnoldvn | 0 | 514,149,982 | 1.68% | ||
toofasteddie | 0 | 270,870,052,082 | 31% | ||
adambarratt | 0 | 1,262,700,583 | 12% | ||
frankvvv | 0 | 165,272,297,255 | 100% | ||
purepinay | 0 | 141,237,575,608 | 100% | ||
etblink | 0 | 50,298,807,839 | 6% | ||
niallon11 | 0 | 9,901,906,686 | 2.4% | ||
vlemon | 0 | 289,648,341,802 | 75% | ||
espoem | 0 | 15,827,673,771 | 5% | ||
dagger212 | 0 | 440,591,601,150 | 100% | ||
divinekids | 0 | 714,179,162 | 2.4% | ||
thetimetravelerz | 0 | 14,366,193,230 | 6% | ||
vegoutt-travel | 0 | 21,618,233,770 | 20% | ||
sahil07 | 0 | 3,084,927,358 | 100% | ||
afterglow | 0 | 587,653,801 | 10% | ||
joetunex | 0 | 68,280,489,001 | 20% | ||
coolguy123 | 0 | 15,019,423,831 | 8% | ||
karinxxl | 0 | 69,514,908,236 | 50% | ||
senorcoconut | 0 | 1,067,776,603 | 3% | ||
chekohler | 0 | 10,177,506,306 | 10% | ||
gerel | 0 | 4,059,767,593 | 50% | ||
mikitaly | 0 | 650,965,914 | 80% | ||
sneakyninja | 0 | 1,846,733,654 | 2.76% | ||
edicted | 0 | 6,525,029,320,346 | 100% | ||
culgin | 0 | 615,351,266 | 30% | ||
criptoar | 0 | 6,021,722,053 | 50% | ||
mistakili | 0 | 45,446,780,610 | 100% | ||
fantasycrypto | 0 | 76,597,119,552 | 100% | ||
mysearchisover | 0 | 164,836,331,858 | 100% | ||
citimillz | 0 | 5,622,446,388 | 100% | ||
yann03 | 0 | 4,471,127,896 | 100% | ||
teutonium | 0 | 1,474,011,369 | 50% | ||
doomsdaychassis | 0 | 9,993,612,176 | 50% | ||
jorgebgt | 0 | 7,868,193,273 | 100% | ||
uyobong | 0 | 20,519,450,757 | 50% | ||
paragism | 0 | 1,584,441,169 | 50% | ||
getron | 0 | 3,137,223,896 | 12% | ||
moserich | 0 | 14,274,865,477 | 100% | ||
sbi3 | 0 | 404,962,171,215 | 18.75% | ||
hatoto | 0 | 728,418,730,223 | 100% | ||
agathusia | 0 | 866,426,126 | 100% | ||
carl05 | 0 | 3,387,250,616 | 6% | ||
shortsegments | 0 | 6,158,684,827 | 0.6% | ||
thedailysneak | 0 | 2,533,112,482 | 2.76% | ||
gallerani | 0 | 742,715,515 | 12% | ||
zuerich | 0 | 812,792,940,844 | 10% | ||
raiseup | 0 | 64,700,279,708 | 12% | ||
dlike | 0 | 52,676,708,891 | 12% | ||
minimining | 0 | 1,679,392,750 | 50% | ||
steemaction | 0 | 1,839,063,214 | 12% | ||
shortshots | 0 | 1,406,688,759 | 100% | ||
smallbites | 0 | 3,287,321,528 | 100% | ||
bergamote | 0 | 1,201,266,272 | 100% | ||
babysavage | 0 | 991,915,257 | 5.52% | ||
ravensavage | 0 | 501,941,927 | 5.52% | ||
etasarim | 0 | 2,497,006,759 | 100% | ||
oresteg | 0 | 1,989,392,208 | 100% | ||
anonsteve | 0 | 1,644,631,468 | 12% | ||
flyingbolt | 0 | 927,241,395 | 12% | ||
idiosyncratic1 | 0 | 88,489,460,191 | 100% | ||
goodcontentbot | 0 | 819,168,073 | 15% | ||
itsme9001 | 0 | 574,745,050 | 6% | ||
goodcontentbot1 | 0 | 1,285,451,289 | 90% | ||
aboss | 0 | 489,081,977 | 100% | ||
wolffeys | 0 | 12,298,196,865 | 100% | ||
kggymlife | 0 | 3,990,189,706 | 20% | ||
edian | 0 | 7,290,342,222 | 12% | ||
engrsayful | 0 | 8,802,336,496 | 100% | ||
crazydaisy | 0 | 600,448,809 | 100% | ||
bigmoneyman | 0 | 663,355,367 | 37.5% | ||
megavest | 0 | 1,704,235,157 | 12% | ||
libertycrypto27 | 0 | 912,448,258,537 | 100% | ||
oxoskva | 0 | 3,265,616,546 | 100% | ||
invest.country | 0 | 449,769,897 | 12% | ||
mukund123 | 0 | 1,456,929,169 | 12% | ||
kgswallet | 0 | 5,789,641,421 | 100% | ||
leo.voter | 0 | 8,411,905,338,002 | 12% | ||
bearjohn | 0 | 2,563,161,391 | 100% | ||
mktmaker | 0 | 953,214,313 | 97% | ||
babytarazkp | 0 | 6,043,489,067 | 100% | ||
agro-dron | 0 | 3,314,861,426 | 12% | ||
sbi-tokens | 0 | 4,382,065,991 | 5.52% | ||
urun | 0 | 23,848,405,929 | 100% | ||
blq.alfa | 0 | 1,234,406,166 | 100% | ||
andylein | 0 | 106,666,495,370 | 80% | ||
enison1 | 0 | 791,159,091 | 100% | ||
gmlrecordz | 0 | 708,569,355 | 50% | ||
atma.love | 0 | 625,021,272 | 3% | ||
lee1938 | 0 | 824,718,192 | 100% | ||
surya1adiga | 0 | 18,219,185,775 | 33% | ||
x9ed1732b | 0 | 5,089,133,801 | 10.8% | ||
jskitty | 0 | 2,073,208,465 | 100% | ||
captainhive | 0 | 490,841,556,933 | 20% | ||
f0x-society | 0 | 1,330,293,616 | 50% | ||
hivexperiment | 0 | 1,712,928,917 | 100% | ||
hodlcommunity | 0 | 738,250,304,332 | 100% | ||
hextech | 0 | 302,792,171,264 | 100% | ||
defi.campus | 0 | 15,415,762,917 | 50% | ||
rmsadkri | 0 | 18,963,656,905 | 9.6% | ||
zemiatin1 | 0 | 788,506,829 | 65% | ||
uyobong.venture | 0 | 495,889,789 | 100% | ||
cmplxty.leo | 0 | 811,106,362 | 12% | ||
curatorcat.leo | 0 | 10,188,419,385 | 50% | ||
dhedge | 0 | 13,011,569,021 | 2.4% | ||
officialhisha | 0 | 30,517,350,665 | 50% | ||
netaterra.leo | 0 | 1,923,330,654 | 25% | ||
leoschein | 0 | 117,952,182,728 | 100% | ||
gualteramarelo | 0 | 1,879,920,477 | 100% | ||
leo.tokens | 0 | 2,573,355,690 | 12% | ||
libertyleo27 | 0 | 467,799,813 | 100% | ||
esmeesmith | 0 | 1,846,535,093 | 6% | ||
megaleoschein | 0 | 1,165,168,501 | 80% | ||
amongus | 0 | 475,762,523 | 12% | ||
dugsix | 0 | 1,846,906,653 | 100% | ||
utopis | 0 | 3,545,565,091 | 6% | ||
finguru | 0 | 223,949,970,355 | 80% | ||
fitpinay | 0 | 750,939,560 | 100% | ||
bhealy | 0 | 2,228,474,929 | 100% | ||
generatornation | 0 | 708,280,131 | 100% | ||
darinapogodina | 0 | 1,505,012,249 | 100% | ||
maurofolco | 0 | 1,466,635,854 | 100% | ||
newbies-hive | 0 | 457,159,680 | 6% | ||
solominer.leo | 0 | 779,601,842 | 100% | ||
jocieprosza.leo | 0 | 6,459,665,646 | 100% | ||
menzo | 0 | 627,625,039 | 1.2% | ||
rzc24-nftbbg | 0 | 5,113,805,549 | 2.4% | ||
djrockx | 0 | 1,356,274,697 | 8.4% | ||
hazmat | 0 | 2,463,393,694 | 100% | ||
mintfinch | 0 | 937,903,123 | 8.4% | ||
jude9 | 0 | 1,153,030,865 | 40% | ||
itskach | 0 | 2,547,313,574 | 50% | ||
attentionneeded | 0 | 1,260,705,187 | 20% | ||
saboin.leo | 0 | 59,320,247 | 16% | ||
heteroclite | 0 | 3,761,424,562 | 6% | ||
venarisyndicate | 0 | 111,263,062,449 | 100% | ||
khaltok | 0 | 1,112,992,849 | 12% | ||
inibless | 0 | 1,330,943,214 | 6% | ||
taimen | 0 | 231,604,049 | 100% | ||
leo.tasks | 0 | 574,785,955 | 12% | ||
neal.power | 0 | 361,850,800,641 | 100% | ||
humbe | 0 | 7,329,411,262 | 2% | ||
newbreed | 0 | 403,511,900 | 6% | ||
cindy911 | 0 | 8,425,207,521 | 12% | ||
dahpilot | 0 | 734,488,730 | 2% | ||
mhizsmiler.leo | 0 | 2,055,814,489 | 40% | ||
scraptrader | 0 | 1,832,212,338 | 6% | ||
hiveaction | 0 | 4,112,140,348 | 12% | ||
tebesc | 0 | 5,090,902,886 | 6% | ||
nothung | 0 | 1,913,827,089 | 12% |
Bitcoin is the currency of the future and I am so sure in years to come, it will attract more adoption
author | consistency |
---|---|
permlink | re-shortsegments-su5cj1 |
category | hive-126009 |
json_metadata | {"tags":["hive-126009"],"app":"peakd/2025.4.1","image":[],"users":[]} |
created | 2025-04-03 14:35:27 |
last_update | 2025-04-03 14:35:27 |
depth | 1 |
children | 1 |
last_payout | 2025-04-10 14:35:27 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.142 HBD |
curator_payout_value | 0.143 HBD |
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root_title | "Bitcoin as a public good; Bitcoin como bien público" |
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---|---|---|---|---|---|
shortsegments | 0 | 1,006,089,258,493 | 100% |
I agree it may indeed be the currency of the future
author | shortsegments |
---|---|
permlink | re-consistency-2kgvjhqcz |
category | hive-126009 |
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created | 2025-04-03 22:33:30 |
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Certainly some interesting points, there. IF BTC indeed becomes/is a truly public good, will demand (and pricing) ultimately become so that some kind of "fork" or adjustment will have to be made to allow for 12 decimals, instead of eight? If you have — let's say — $1,000,000 BTC, and it's a "public good" in a poor country, will 1 Satoshi suddenly make it NOT really a public good, anymore? Or is "bitcoin" just a metaphor for crypto, in a broader sense?
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Interesting question. When one satoshi is worth a dollar does bitcoin stop being a public good? I don't think so, if inflation raises the price of Bitcoin to one million I think the similtaneous devaluation of the dollar will make one dollar available to all due to it's devaluation.
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created | 2025-04-03 22:33:00 |
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It's hard for someone who has lived in poor country in South America to envision earning enough dollars to have enough to buy bitcoin. But hyperinflation can make bread cost a thousand Pesos, so maybe the future is really terrible and this dollar is obtainable. I don't know. Things just keep getting worse.
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This is a really good question, and I learned a lot from the question and the answer. This idea of satoshis is foreign to most of us, but when you ask this question, it makes me think! WHat really is a Satoshi! And then I have to think about what you said, if bitcoin goes to a millon bucks, or dollars, does that mean noone from a poor country can buy it? very good question. How can it be the peoples money if they can't afford it. I don't know. I think I understand the answer, devaluation of the dollar will make one dollar obtainable. But right now, in poor countries one dollar is so much money, it seems out of touch. But ideas like hyperinflation and devaluation are just words until you live in Venezuala and need a wagon to bring enough money to the store to buy bread. this stuff is hard to wrap your mind around it. BUt it is good we are talking about it, because this bad future of hyperinflation is comiong. When the US gets inflation, the rest of the world gets twice as much inflation or three times as much. SO I don't know how that will affect our ability to get dollars. I guess we will see.
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https://x.com/lee19389/status/1907905055036158077 #hive #posh
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Thank you
author | shortsegments |
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Welcome
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https://x.com/jewellery_all/status/1907737745537351862 #hive #crypto
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Did you join Bitsocial on Hive? I would appreciate it, if you would join and encourage your freinds to join also. Thank you
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No i haven't, can you share some more details?
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Thank you
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