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Bitcoin Speaks To The Human Condition

Bitcoin will succeed not just because it is the best monetary technology, but because it is the money most aligned to principles fundamental to human nature.

(Adaptation of “The Vitruvian Man”/CoinsureNZ)

In The Bitcoin Rorschach Test, I examined how know-how shapes human tradition. For most of humanity’s existence, solely these with entry to industrial-sized assets or political energy may create, develop or produce applied sciences at a enough scale to have affect. The invention of the web and the emergence of the peer-to-peer economic system described on this article permits us to break away from these limitations. It opens the floodgates for the overwhelming majority of the world’s inhabitants to change into producers and creators of the applied sciences that influence the path of our civilization with out the oversight or affect of a privileged few. The implications of this are great and profound, a world the place the character, operate and type of the applied sciences that form our lives are born not of states and firms, however of people cooperating instantly with different people. For this to be a sustainable, significant cultural shift, what is wanted is a financial know-how congruent with this identical spirit.

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