Bitcoin Qualia – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin Qualia

The Center Cannot Hold: 13

Subjectivity deals with an individual’s conscious experience. A person’s agency, perspective, desires, beliefs, and feelings are all subjective.

Objectivity in philosophy deals with reality outside of subjectivity. Objectivity is the state of all things without conscious bias.

Bitcoin is objective money. Fiat is not. There are no individuals or small groups of conscious experiences at this point in Bitcoin’s trajectory that can affect how Bitcoin operates. A person may have a subjective desire to sell their Bitcoin, but when carrying out that act, they submit to the protocol’s objective nature. In this way Bitcoin objectifies our subjective experience.

You can send Bitcoin on a whim, but you must follow a set of rules to carry out a valid transaction. For example, if you provide a bunk address of incorrect format, you will not receive any Bitcoin there.

If you participate in the Bitcoin protocol according to its rules, you may experience the joy of receiving Bitcoin and watching the confirmations clock in, but Bitcoin is agnostic to your experience of this. In Bitcoin the simple act of posses­sion is the only prereq­ui­site for spending. Not so in fiat. In Bitcoin possession means knowing you can prove you have a secret without revealing what that secret is.

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