Bitcoin And The Printing Press
How Information-Freeing Innovation Shapes Society This is the story of two disruptive innovations, which arrived several centuries apart with remarkable similarities. It’s about the largely invisible technological forces that alter incentives of obedience and steer the evolution of how societies are organized. The Mistrust Of Institutions Trust is the key ingredient that enables us to cooperate and trade. The greater our access to information, the greater our ability to assess reputation and therefore trustworthiness. When it becomes easier to establish trust through verifying truth,....
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Thib Maréchal discusses the history of money printing and how Bitcoin offers humanity a solution to this great plague. The post Video: Printing Is The Plague, Bitcoin Is The Cure appeared first on Bitcoin Magazine.
Like the printing press and the internet, Bitcoin is an invention that addresses many of the challenges of evangelism.
One sentence perfectly summarizes the problems with modern finance, and you can find it in your pocket. Open up your wallet and take out a US bill of any denomination. On its front, you'll find these words:"THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE". This simple sentence encapsulates Old-World finance, where central bankers make intimidating commandments, and governments try to manage commerce from a central point. Contrast this with bitcoin, which represents New-World finance. Several points:1. There's a reason why fiat currency needs special clauses. Never in history....
Like the printing press before them, the internet and Bitcoin’s blockchain innovation are irrevocable forces driving the end of nation-state power.
What is Bitcoin, and why do you care? Bitcoin is freedom for money. Let me explain: Bitcoin is third "democratization" that I've had the privilege of living through. The first was the Internet of course, the democratization of communication. No longer did you need a printing press, runners, trucks, call boys in order to make your voice heard. Now all you needed is WordPress and a good story. Look at Matt Drudge. He has singlehandedly revolutionized political reporting. His influence is at times stronger than the New York Times. And it's just him and an assistant and a very, very simple....