“How do you think the Romans kicked everyone’s ass, for nearly a thousand years?”
-Michael Saylor, “The Saylor Series” Episode Five
Bitcoin shall experience an organizational renaissance not yet seen in the space. As we approach new levels of adoption and usage, we will naturally form groups, categories and units. The structure of our operations and expansion will, of course, be decentralized in origin. But while these organizational pieces will be inherently “institutional,” the actual effect they have on the network will not be restrictive. They won’t limit or control the Bitcoin network, as many of the current financial institutions act as chokepoints and limited-access custodians.
Rather, these groups will only bolster the strength of the network, as they are formed out of economic incentive and natural market forces, rather than politics, as so much of the current financial system is. They will represent a diversity of people natural to an open-source, unbiased computer program.
In a Bitcoin world, decisions are not made on the basis of who you know or where you come from, but on what you know and how you got here.
“When they put their petty differences aside… they beat everybody else.”
-Michael Saylor, “The Saylor Series”
I don’t see too many petty differences in the Bitcoin community. Some would argue the opposite, but I think taking a broader perspective will present one with a well-communicated, intricately-interconnected network. What appear as memes and meta-jokes can be interpreted as a social group operating on the language of the internet; the recent events surrounding GameStop demonstrate the efficacy of this. No longer do these comedic representations of life exist only on the fringe of reality, but as mainstream communicative media.
The organization of Bitcoin will happen at a financial-institution level, all the way down to a personal-household level. In regards to such a large paradigm shift, one can expect to experience a reorganization…