I think Satoshi must have read all of Szabo's work!
Long before the Bitcoin paper, Szabo argues that technology can supplant existing bureaucratic means of recording claims to property rights (but he notes that it doesn't directly supplant existing institutions for enforcing those rights, or beliefs about how the rights are acquired or transferred).
I thought of this piece when reading this week's xkcd what-if:
("[...] you could edit all the property records on Earth to say that you own all the land and edit all the banking records to say you own all the money. But everyone else would disagree with those records, and they would edit them back or ignore them [...]")
http://szabo.best.vwh.net/securetitle.html
I think Satoshi must have read all of Szabo's work!
Long before the Bitcoin paper, Szabo argues that technology can supplant existing bureaucratic means of recording claims to property rights (but he notes that it doesn't directly supplant existing institutions for enforcing those rights, or beliefs about how the rights are acquired or transferred).
I thought of this piece when reading this week's xkcd what-if:
https://what-if.xkcd.com/111/
("[...] you could edit all the property records on Earth to say that you own all the land and edit all the banking records to say you own all the money. But everyone else would disagree with those records, and they would edit them back or ignore them [...]")