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KOL274 | Nobody Owns Bitcoin (PFS 2019)


Kinsella on Liberty Podcast, Episode 274.

[Update: For an article based on the transcript, see “Nobody Owns Bitcoin,” StephanKinsella.com (Sept. 20, 2019)

Update: See KOL395 | Selling Does Not Imply Ownership, and Vice-Versa: A Dissection (PFS 2022).]

This is my presentation to the 2019 Annual Meeting of the Property and Freedom Society on Sunday, Sept. 15, 2019. Powerpoint slides embedded below. Youtube embedded below.

Also podcast at PFP215.

Some related Q&A is in this session which was held later on the same day: Hülsmann, Kinsella, Dürr, Hoppe, Q&A (PFS 2019) [PFP218].

Related links/relevant material:

{ 10 comments… add one }
  • Joachim B September 29, 2019, 1:52 pm

    Stephan, when can we expect videos from PFS 2019?

  • Dennis Nezic October 15, 2019, 10:59 pm

    It’s an interesting question: how would an ancap society deal with “stolen” bitcoins — for example, those that are brute-forced guessed, perhaps by weak brainwallets (passwords). It /feels/ very similar to accidentally dropping your wallet on a sidewalk, except as was explained in this podcast and elsewhere one doesn’t technically own “them”. Nevertheless, it still seems very unfair that someone should be able to simply take another person’s hard earned money like this. Assuming we knew who “unjustly” took them, would anyone object to the original “owner” initiating reasonable aggression against this individual to try to get them back or be otherwise compensated for the loss?

  • Bilal Bach December 10, 2019, 1:54 pm

    Love your thoughts. I just now found your blog and diving into it, as a deontic libertarian. I wonder if you heard of Bitcoin Satoshi Vision (BSV), it differs greatly from the one anarchists are controlling which has no value being unscalable.

    • Stephan Kinsella December 15, 2019, 11:34 am

      … Is your question really whether I have heard of BSV? Seriously?

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