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> - immune to spoilage: bitcoin can’t dissolve in water like salt (a previous form of money) and is quite robust, and can be backed up! I presume that in socie
by rspeele 5y ago
> - immune to spoilage: bitcoin can’t dissolve in water like salt (a previous form of money) and is quite robust, and can be backed up!
I presume that in societies that used salt as money, anybody who lost it to "spoilage" was considered to be responsible for their own loss and this was not considered a downside of the salt-based economy.
Similar to throwing out a hard drive with your Bitcoin wallet on it, or sending coins to an address nobody has the private key to, or dying without telling anybody how to access your bitcoins.