Part 6/12:
He emphasizes that simply having a blockchain isn’t revolutionary; rather, the decentralization and open access make it a disruptive masterstroke. It undermines the dominance of centralized authorities that have long controlled financial transactions and data integrity.
The Disruption of Monopolistic Industries
Antonopoulos draws parallels to the early days of MP3s, which started as obscure audio compression algorithms before disrupting the entire music industry. Similarly, Bitcoin's rise threatens entrenched financial institutions by enabling disintermediation—removing middlemen such as banks and payment processors.