The Importance of Being Decentralized

When Lehman Brothers declared bankruptcy on September 15, 2007, a veil was lifted from many people’s eyes. As more and more dominoes fell, the problem of the concentration of capital and power became apparent with phrases like “too big to fail.” That betrayal of trust spawned a greater interest in financial matters and movements like Occupy Wall Street.

When Satoshi Nakamoto posted the Bitcoin whitepaper on October 31, 2008, few people realized the potential impact. As more and more miners joined the network, individuals realized that by working together they could empower one another. That spark ignited the Cryptocurrency Revolution gripping the world today.

Image by PublicDomainPictures at Pixabay.

You Say You Want a Revolution

The common thread of these movements is individual and collective action against unaccountable leadership. Martin Luther challenged the excesses of the Catholic Church. The American colonies fought against “taxation without representation,” and the French and Russian Revolutions against the divine right of kings and czars. Perhaps most importantly, the Gandhi Revolution achieved self-rule through non-violent means, and inspires to this day.

Cryptocurrency carries that legacy forward. Just as the French fought for “liberty, equality, fraternity,” this…