Origins In brief, hypershitcoinization is a meme; and as with most memes, it has a long and convoluted history—one of which I’ll attempt to explain here. To fully understand the origins of term, a brief overview of fundamental economic forces, concepts, relevant examples, and memes is in order.
Ten years ago, the Bitcoin protocol was first conceived and freely published on the Internet. It promised to be the first scalable, decentralized consensus network. Since then, there have been thousands of other such coins forked and cloned from Bitcoin, though none have been so far been able to match Bitcoin’s degree of decentralization, adoption, […]
The eons of central authority Appeal to, adherence to, servitude to hierarchical authority structures is in humanities very nature; and it’s not merely a social construct. Disparate lineages of life have evolutionarily converged on dominance hierarchy as a primary key to the survival of social organisms. It’s written in the DNA of social insects and […]