Bitcoin: Redefining Ownership

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The traditional way in which our society constructs ownership is inefficient. The Uber-for-X model solves part of the problem by exploiting the unused value of some long-tail assets, but the reason behind the existence of such a huge volume of long-tail assets remains a puzzle. In this essay, I submit that they exist because our conception of ownership is outdated; I propose that individuals only need to own bitcoin. By doing so, we will embrace a full-scale sharing economy backed by…

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