The Bitcoin Driven Power Shift from Bureaucracy to the Masses
Too Long; Didn't Read
Bitcoin’s ability to turn energy into a scarce and immutable unit of account, via a self-sustained process, fueled by network-effects and game theory dynamics, brings a paradigm shift in the way society represents, owns, transfers, and stores value. Individual merit and entrepreneurship will regain control of the economy, as they did under Capitalism until the early 20th century, when Monetary Central Planning replaced it. This is evident just from looking, for instance, at Venezuela, a country where Keynes’ most popular stealth-confiscation tools (currency and interest-rate manipulation) were expressly magnified to hasten the process of embezzling the country's yearly productivity.