Hard Times create Strong Men💪
2. Strong men create good times☮️
3. Good times create weak men📉
4. Weak men create hard times❌
🧵What if we apply this framework onto Bitcoin & the internet?👇
1. Hard Times create Strong Tools🔨🔧
2. Strong Tools create Good Times☮️
3. Good Times create Weak Tools⛑️
4. Weak Tools Create Bad Times❌
We are currently living through bad times in the life cycle of the internet.🌀
❌Weak Tools Create Bad Times❌
The internet has become captured and very centralized today, but this centralization process was not without advantages...
A lot of people have access to the Internet today, even
in the most remote places.
Everything is faster, cheaper, and simpler than ever, with more and more features accumulating every year...
🚨HOWEVER, all this came with a cost...
Centralization usually brings along serious risks of:
❌Monopolization
❌Corruption
❌Exclusion and abuses.
Indeed, today we are very easily:
❌Censored
❌Blacklisted
❌Tracked & spied upon
We are ALL watched every time we use the Internet.👁️
While almost everybody has a smartphone, almost nobody is free to use it in a secure, open, unrestricted, and privacy-preserving way.
⚡Lessons for Bitcoin?⚡
Bitcoin has been created to mitigate & overcame these “Hard Times” made of Internet censorship, digital surveillance, financial exclusion, virtual money-manipulation.
''Bitcoin not only can, but it must, learn the lessons that the partial centralization of the Internet have taught us.''-@giacomozucco
📺In today's video I took a crack at breaking down Giacomo's fascinating framework step by step:👇