anonymous question
I have already been asked on what principle nuclear bombs will be privatized, but with this low-liquidity commodity, things are indeed different, because off the top of my head, I can think of only two useful applications for a nuclear bomb specifically as a bomb, and both boil down to burying it deep in the ground in the right place—and blowing it up. First, this would make it possible to register seismic vibrations at different points on the planet and use them to refine information about its structure. Second, this allows for the release of seismic tension in seismically hazardous areas, so that instead of rare large earthquakes, there will be a series of frequent small ones.
But anyway, the question is about land. Land, unlike a nuclear bomb, has a vast number of useful applications, and therefore competition for it can be quite substantial.
Privatization scenarios will, of course, differ greatly depending on how great the mentioned competition is in a specific case, and how developed the mechanisms of self-governance are in that location.
Where competition is lower, homesteading is more likely. Whoever hustle first takes the best plot. Whoever is a bit later takes the adjacent one. The latecomers take a couple more, and the rest figure that they won’t get the cream of the crop here and go look elsewhere.
Where competition is high and local self-governance is weak, the plot will be seized by the first person to hustle, and then a stronger subject will arrive and declare: dude, you’ve gotten too arrogant, get the hell off my field right now! The arrogant dude will haggle a bit to save face, perhaps receive symbolic compensation—and get the hell out.
And where lawlessness has long been eradicated by the local community, the most likely scenario is the hiring of an auctioneer, who will prepare the land lots for sale, conduct an auction, and then distribute the proceeds, minus their own commission, among all the local residents who also claimed the land but were not ready to pay too much for it.
The scenario you mentioned—”let’s democratically vote on who gets a tasty piece of the pie for free, which any of us is smart enough to want as private property”—seems less likely to me: if I receive no compensation, why on earth would I agree to vote for someone else? In such a vote, it is most logical for everyone to vote for themselves, and this would lead to the need to form a joint-stock company with equal shares for the voting participants. Then, the person who needs it more will gradually buy out the shares of those who need it less, and we will arrive at the same model as simply selling the plot as a single lot with subsequent compensation to the losing participants.

Look at that, Bitcoin is on the rise again! That’s what life-giving competition for rare resources does! Now, of course, donations from you have become slightly less likely, but just in case: 1A7Wu2enQNRETLXDNpQEufcbJybtM1VHZ8


