By 1999 Friedman predicted Bitcoin stating that internet would reduce government power and introduced the idea of digital cash, in order to reduce the power of a third party in transactions. Decentralization is a big headache for good and bad governments.
Bitcoin is inherently anti-establishment, anti-system, and anti-state. Bitcoin undermines governments and disrupts institutions because bitcoin is fundamentally humanitarian. There’s an elimination of 3rd party intrusion. It’s purely peer-to-peer.
The blockchain is free speech. It’s decentralized, voluntary, and non-aggressive. Bitcoin is not supposed to work within our current mechanisms. Bitcoin needs no entities of authority to acknowledge it, incorporate it, regulate it, and tax it. Bitcoin does not pander to power structures, it undermines them.
Comments by Luis G de la Fuente