Archive for January 19th, 2015

Quote note (#145)

Joichi Ito on why Bitcoin is not like the Internet:

The founders of the Internet may have been slightly hippy-like, but they were mostly government-funded and fairly government-friendly. Cutting a deal with the Department of Commerce seemed like a pretty good idea to them at the time.

The core Bitcoin developers are cypherpunks who do what they do because they don’t trust governments or the global banking system and are trying to build a distributed and autonomous system, one that is impervious to regulation and meddling by anyone at any time. At some level, Bitcoin was designed to not care what regulators think.

ADDED: More Internet / Bitcoin comparison.

January 19, 2015admin 20 Comments »
FILED UNDER :Political economy
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