“In his speech, he compared Bitcoin to the printing press, arguing that just as governments and the Church opposed the democratizing effects of the first widely available books, financial and banking incumbents see the potential for Bitcoin to disassemble their control of the economy. ‘This is something completely new in the history of human communication and Bitcoin is one of the largest socio-economic experiments human kind has ever seen,’ Shrem said. Shrem’s rhetoric represents a marked change from his earlier approach to Bitcoin’s relationship with the government. He had been a vocal member of the Bitcoin Foundation, which took a lobbying approach.”
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