COURSE 2 - 1.1. What is Bitcoin?
Bitcoin is two things:
digital, yet absolutely scarce, property (for some, bitcoin is also a form of money, though this claim would require to address Mises' regression theorem): in this case, it's "bitcoin", with lower case "b";
A decentralized, trustless, peer-to-peer, open-source, censorship-resistant financial network: "Bitcoin" with an uppercase "B".
In the Bitcoin protocol are codified:
the first law of monetary economics (any quantity of money is optimal for any economy as long as its quantity is fixed and sufficiently divisible): the bitcoin supply is fixed (21 mln btc). Therefore the entire marginal, subjective value theory (from which the previous law derives) is codified into Bitcoin.
the principle of equality before the law, on which the entire structure of non-arbitrary law (the non-aggression principle), and therefore freedom, rest: no node or miner is privileged.