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Financial capital has historically been easier to seize than other forms of capital, such as social or cultural capital.

Knowledge, relationships, and reputation can be damaged, but they are difficult to confiscate directly. Money, gold, real estate, and bank assets are different. They can be stolen, frozen, or taken over.

Bitcoin changes this because financial capital can, for the first time, exist as pure information. In the extreme case, it can exist only in someone’s memory.

That makes Bitcoin interesting not only as an investment, but as a protection for economic autonomy.

1 sat \ 0 replies \ @SatoshiTrails 17 May -50 sats

The interesting tension here is that Bitcoin doesn't just shift the balance between capital types, it changes the time preference underlying all of them. When your savings tool doesn't decay, you stop needing to deploy capital aggressively just to preserve it. That changes behavior before it changes power structures. The behavioral shift probably precedes the macroeconomic one by years.