Part 9/16:
He illustrates this with historical examples:
Kodak's fall to Nokia's smartphone cameras
Blockbuster's decline with the rise of digital music and video
IBM's transformation via Linux and open-source software
These stories exemplify how entrenched industries underestimate or resist innovation until it’s impossible to ignore, often leading to their obsolescence.
Similarly, Bitcoin disrupts banking by offering an open, peer-to-peer ecosystem that enables innovations—such as decentralized exchanges and financial applications—that traditional systems cannot accommodate due to their closed, permissioned nature.