Bankless 126 - The Crypto Revolution | Josh Rosenthal
Jul 4, 2022
Join Josh Rosenthal, a crypto historian and Fulbright Scholar, as he draws fascinating parallels between the American Revolution and today's crypto revolution. He discusses the ideals of decentralization and self-governance that both movements share. Explore the historical evolution of value creation, from the Tea Party to modern crypto innovations. Discover the challenges of outdated regulations and the importance of community engagement in shaping decentralized finance. This lively conversation highlights how history informs the revolutionary potential of cryptocurrency.
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Renaissance as Disruption
- Medieval people lived in a permissioned world regarding wealth, communication, and identity.
- The Renaissance brought decentralized technologies like double-entry bookkeeping and the printing press, disrupting this hierarchy.
Renaissance Choices
- The Renaissance offered an alternative to existing power structures, leading to competing visions and communities.
- Those who adopted new values often faced resistance and conflict, prompting migration or revolution.
Roots of the Revolution
- The American colonists' decision to revolt wasn't solely about political representation.
- It stemmed from a desire to protect their newfound economic freedoms and entrepreneurial pursuits.