Bitcoin Is Pure Anarchy

Anarchy is a very dividing word to many people, inherently drawing the idea into peoples’ heads of complete and unbridled chaos. This is not on any level what Anarchy means. It is simply a system lacking rulers or a central authority, where all cooperation and coordination is done on a purely voluntary basis between peers in the system. The etymology of the original Greek word, anarhkia, itself literally just means “without rulers.” An, meaning without, arkhia, meaning rulers.

This concept is the foundational reality of why Bitcoin functions as a distributed network and protocol. There is literally no one in charge of the network. If there were, then it would not be a distributed…

Read more on BitcoinMagazine

76.2K Reads