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Blockchain – A Capitalist Revolution for the Internet

Blockchain, i.e. digitized and decentralized public ledgers of cryptocurrency1 or digital asset transactions, might emerge as the tool to liberate the Internet from the domination of the tech oligarchy. In some senses, we can envision through historical analogy how Blockchain can change the very economic system of the Internet itself, much similar to the processes in the offline world that ended the Middle Ages and laid the foundations for the birth of Capitalism.

by Dennis Avorin

http://www.newgeography.com/content/005792-blockchain-a-capitalist-revolution-internet

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