In this first of two parts, we explore the origins of civil authority and the basics of social contract theory as articulated by Socrates and Thomas Hobbes. It is observed that the social contract brings us into obedience to the law of God, and that even the sinful human nature has an inclination toward establishing the social contract on the basis of his own best interests. Arising out of this analysis is the question as to the character of the government that is called upon to enforce the social contract, and it is seen that Bitcoin as a system appears to fulfill this role in the most impartial and incorruptible manner.
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