Disruptive innovation such as Bitcoin is usually bottom up, with initial traction from people who are not concerned with legality.
However for Bitcoin to become mainstream it does require some top down legislation; most people are concerned with legality.
El Salvador and other jurisdictions making Bitcoin legal tender are giving the people some legal certainty.
The future is not bottom up innovation OR top down legislation. It is bottom up innovation AND top down legislation.
Some subjects are too complex for our short attention spans, so we do 4-5 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.
Part 1
Part 2
Part 3
Part 4
Part 5
Daily Fintech’s original insight is made available to you for US$143 a year (which equates to $2.75 per week). $2.75 buys you a coffee (maybe), or the cost of a week’s subscription to the global Fintech blog – caffeine for the mind that could be worth $ millions.
Related