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Bitcoin is more than a virtual currency or miners running rigs. It's the first self-sufficient, decentralized, monetary system that renders 3rd party entities l
by znowi 13y ago
Bitcoin is more than a virtual currency or miners running rigs. It's the first self-sufficient, decentralized, monetary system that renders 3rd party entities like banks obsolete.
At the very least it's an intriguing concept in relation to sociology, economy, and new forms of governance. It's a paradigm shift, and as such, it will meet a lot of misunderstanding and opposition. Particularly from those whose power is at stake - banks and governments.
As once, the idea of equality and democracy shook the kingdoms during the Enlightenment, the idea of Bitcoin, if you look closely, is not far from it.