Bitcoin Songsheet Private Property — Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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Audio record­ing of this article. 

Good fences make good neighbors.

Clear bound­aries sep­a­rate respon­si­bil­i­ty and make clear who is due what. With good bound­aries, we can act more deci­sive­ly because we know what we own. With­out it, nobody feels respon­si­ble so it gets plun­dered like an appe­tiz­er plate which inevitably comes down to that last piece which keeps get­ting split in half. We call what we own prop­er­ty and the rights of own­er­ship, prop­er­ty rights. 

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