>Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions. Combined with emerging information markets, crypto anarchy will create a liquid market for any and all material which can be put into words and pictures.

Timothy C. May - The Crypto Anarchist Manifesto https://groups.csail.mit.edu/mac/classes/6.805/articles/crypto/cypherpunks/may-crypto-manifesto.html

Reply to this note

Please Login to reply.

Discussion

First and foremost, the invention of the printing press undermined the power of the catholic church which was the most powerful institution in Europe at the time. They were denying people direct access to god and forced them to pay to redeem their sins. Martin Luther’s bible and the printing press decentralized access and significantly weakened this corrupt regime.

#Bitcoin is doing the same but for central banks and governments.