It all started with a white paper published in 2008. An unknown innovator under the pseudonym Satoshi Nakamoto outlined an open source protocol for a public ledger that has come to be known as Bitcoin – which among other things is a peer-to-peer form of digital cash. Five years since its inception, more people are coming to recognize the revolutionary force behind the underlying technology of the Bitcoin blockchain that enables this decentralized network to achieve consensus amongst strangers at a global scale.

    The disruptive force this innovation brings to existing systems is enormous. From potentially replacing the remittance industry to empowering the underbanked and those whose currencies are tightly controlled and subject to hyperinflation, the world is just beginning to see its effects in the financial realm. This capacity of Bitcoin to transform society is attracting activists and global citizens dedicated to promoting equality and a more just world. In particular, the ability of the blockchain’s decentralized trust to build a truly peer-to-peer platform for transactions is a very powerful force for those who seek to flatten the current hierarchical system that favors the one percent oligarchs who have their hands on the levers of power.

posted 2142 days ago