Part 5. Bottom up innovation protected by top down legislation

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

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One comment

  1. Hello Michael kitces,I read your blog and Found it interesting ang got a great knowledge about Fintech companies and their Banking technologies and i have had a great interaction with one of the similar kinds of Fintech companies and how they have been a key factor in growing economy and hence had a great user experience out there, I would definitely like to suggest you to check it out for more knowledgeable content.

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