The Internet of Money by Andreas M. Antonopoulos

Author:Andreas M. Antonopoulos [Antonopoulos, Andreas M.]
Language: eng
Format: epub, mobi, pdf
Publisher: Merkle Bloom LLC
Published: 2016-08-28T22:00:00+00:00

7.4. Authority by Merit

In the early days, people asked, "How will we know which opinions matter if anyone can have an opinion?" The world will come to an end, they thought. But a funny thing happened. We shifted from a world in which authority and opinion came from the issuer, from the authority of the publisher by proxy, into a world where we had to look at opinion on its own merits, on the content of that opinion. We arrived at a world where The New York Times prints bullshit that sends an entire nation into war, and an Egyptian blogger on the front lines of a revolution prints the truth that nobody wants to hear. Suddenly, the world is upside down. Authority is no longer the person who owns the printing press. Now the person who has the content is what matters — we just did this to currency.

"Authority is no longer the person who owns the printing press. Now the person who has the content is what matters — We just did this to currency."

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