There are many countries where the governments have failed to secure property rights appropriately, mismanage their currencies, embezzle public funds, and abuse their citizens in so many other ways. It's disgusting.
Citizens of those countries can opt-in and benefit from Bitcoin and security guarantees it provides.
Billions, quite literally billions, of such people live in such situation today. They have no economic security. No property rights. Even the land they live on gets confiscated every now and then.
....how is granting strong property rights to the less fortunate of the world is not one of the most valuable things in the world?
Bitcoin is a freedom technology, disguised as get-rich-quick scheme.
1) it was launched fairly by a person who uniquely had no reasonable expectation of profit when doing so,
2) it was launched first, giving it first-mover advantage, and
3) its proprietors made the very wise choice from 2015-2017 of censoring their populist opponents pushing for Bitcoin to become PayPal 2.0, and instead euphemistically refering to Bitcoin as “digital gold” — the speculative store of value to end all speculative stores of value
The very fact you’ve asked this question in full knowledge of owning both BTC and altcoins whilst also alluding to altcoins being more valuable, and the fact readers can only possibly act on your narrative by investing in the coins to which you allude — obviously only as a speculative store of value — just goes to show why Bitcoin is #1. Cryptocurrencies are simply nothing more than speculative stores of value, there are no exceptions.
I think you'll find that it's much much easier to repossess a house, rather than repossess a bitcoin address with billions.
Here's a detailed analysis by a law professor from a reputable law school on Bitcoin as a property rights system: https://scholarship.shu.edu/cgi/viewcontent.cgi?article=1676...
Give me a rubber hose and $5 wrench and I'll start working on it:
Once it's transferred what recourse does he have to revert it?
> Here's a detailed analysis by a law professor from a reputable law school
Ah yes, the William & Mary Law School. The same law school that birthed the idea that the US Second Amendment was an individual right…
If the govt knows about your properties than they would also know about your digital activities as well.
Bitcoin is only freedom for the oppressors in this scenario since only they are allowed to move unchecked and will use it to get out when they realize their days in their country is numbered.