kaal:claim:3411897-006

The disillusionment with political institutions after the 2008 to 2009 financial crisis inaugurated a new form of technological decentralization, of which the 2009 Bitcoin protocol is the leading result, conceived as an alternative to the shortcomings of the financial system.

Source quote, verbatim

crisis of 2008-9 inaugurated a new form of technological decentralization. As one result, among many, the Bitcoin protocol emerged in 2009 as an attempt by its founders to provide an alternative to the shortcomings of the financial system.

From

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part I: The Past, Types of Decentralization, p. 9
https://ssrn.com/abstract=3411897 · source PDF

Cite as

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

Holds when

post financial crisis period
links political legitimacy crisis to technological decentralization

Classification

mechanismsupport: arguedtokenomicsdecentralization

Verify

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