In 2011, Legendary Silicon Valley VC, Marc Andreesen famously wrote an article entitled “why software is eating the world”, discussing the meteoric rise of companies like Twitter and Facebook.
Decentralized platforms pioneered by Bitcoin will do the same. They already are. The rise of cryptos has been even more impressive.
Bitcoin, Litecoin, Dash allow us to do without fiat.
Smart contracts allow programmers and code to replace lawyers and laws.
ICOs allow investors to do without brokers, regulations, and heck, even without stock markets.
DAOs (decentralized autonomous organizations) allow rigorous, leaderless cooperation.
Crypto currencies are giving us censor proof message boards and social networks, markets, governance, content delivery. One category of crypto currencies is trying to replace AdSense. Another is trying to replace Google search.
I can imagine my son regarding today’s tech titans — Google, Facebook, Amazon — in very much the same way that I regard Kodak and IBM. Yesterday’s companies.
On the whole, this is a good think. We are brining down gate keepers and bureaucrats, and starving parasites and rent seekers.