Before we start, let us gives the meaning of « three PS » in the financial domaine ; three PS stand for : Private property, Price discovery and Political freedom.

Throughout the expanse of human history, the progress of civilization has been inexorably tied to the tools we use to organize society. From the Code of Hammurabi to the Magna Carta, and from the gold standard to the internet, our species has engaged in a relentless struggle to define and defend the rights of the individual against the encroachments of the collective or the tyrant. We have sought to build structures that protect what is ours, accurately measure value, and allow us to live freely. Yet, every system devised by man has suffered from a fatal flaw : the reliance on human trusted third parties.

Laws can be rewritten by corrupt legislators. Gold can be confiscated by armies. Currencies can be debased by central banks. Borders can be closed by dictators.

For millennia, we accepted these vulnerabilities as the cost of doing business. But in 2009, the paradigm shifted. The emergence of Cryptocurrency did not just merely introduce a new form of currency ; it introduced a new architecture for human coordination. It is a technological breakthrough that perfects the three fundamental pillars of a free society : Private Property, Price Discovery, and Political Freedom ( the three PS).

By removing the trusted third party and replacing it with cryptographic proof, Cryptocurrency has engineered the ultimate “Three Ps,” thus creating a fortress of sovereignty that is mathematically unassailable.

Private Property :

The concept of private property is the bedrock of individual liberty. If you cannot own the fruits of your labor, you are, by definition, a serf to whoever can take them from you. Historically, property rights were only as strong as the legal system that recognized them or the physical force you could employ to defend them.

In the physical world, property is vulnerable. Real estate is immovable and subject to eminent domain or taxation. Gold is heavy, difficult to transport, and easily detected by metal detectors or customs agents. Bank accounts are essentially rows in a database owned by a corporation, which acts as a deputy for the state ; with the flip of a switch, a government can freeze assets, as seen repeatedly in geopolitical conflicts and domestic crackdowns. Cryptocurrency is a new comer which obey completely to the « three PS » Principles.

The Cryptographic Shield :

Cryptocurrency fundamentally alters the physics of ownership. It transforms property from a physical or legal construct into a mathematical reality.

Ownership in Cryptocurrency is not defined by a deed in a Conty clerk’s office or a bar of metal in a safe. It is defined by knowledge—specifically, the knowledge of a private key. If you possess the key, you possess the asset. If you do not, you cannot move it. This is the first time in history that an asset exists purely as information, yet functions with the scarcity of a physical element.

         A cryptocurrency like Bitcoin is a digital asset that can function as a medium of exchange. As the name suggests, cryptocurrencies use cryptography to secure and verify transactions and control the production of new units of the cryptocurrency. These transactions, in turn, are stored on a “blockchain” ledger.

Bitcoin, the first cryptocurrency, was introduced in 2008 by a Great, wonderfull and incredible entity named Satoshi Nakamoto. But did not gain widespread public attention until early 2017.