Did internet challenge the authority of the state?
You just contradicted yourself; if internet threatened the buss that control the state then how the buss still control the state?
Challenged imply threatening. Businesses that were threatened lobbied to change government policies. Bitcoin is threatening banks and so they will try to force government to kill it. Get the logic here? Perfect analogy.
Nope. It challenges a states Authority to control its currency. NO STATE WOULD LET THAT HAPPEN. On the contrary Internet had productivity gains w/o challenging the state. So the internet and bitcoin (as a ccy) are incomparable.
You don't think the state tried to control the media? Internet changed that and therefore it indirectly challenged the state's authority.
The previous point was valid. The media fought hard against open journalism, because it threatened their business model. 100+ countries have adopted a wait and see approach for Bitcoin rather than banning it. If your State doesn't value your basic right to commerce, you fight it.
You are right that any crypto threatens banks, it undermines everything that they put in place in order to guarantee that power is in the hands of the chosen few.
We do have to fight for our basic right to commerce. We have a chance to change how wealth is distributed. Crypto puts everyone on a level playing field, this is not what big money wants. They think they are above us and that they have the right to judge who has wealth and who doesn't.
It is hard to win at a game that is rigged, but with crypto, we have a chance to rise in power as a people the way it was intended to be.
We the people, not we the banks. Welcome to the revolution.
Thank you for sharing and keep on steemin!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit