What is Rent Seeking?

Rent Seeking is pervasive today. What is it and why is it so harmful? Also, how is it related to Bitcoin?--------------------------Website: https://programmingbitcoin.com/Seminar: http://programmingblockchain.com/Programming Bitcoin: https://amzn.to/2F2DzIjThe Little Bitcoin Book: https://amzn.to/3oTnmqLThank God for Bitcoin: https://amzn.to/2Wf7fI1Newsletter: http://jimmysong.substack.comMedium: https://medium.com/@jimmysongTwitter: https://twitter.com/jimmysongInstagram: https://www.instagram.com/jimmysongbitcoin/LinkedIn: https://www.linkedin.com/in/jimmysongGithub: https://github.com/jimmysong