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RE: Peer to Peer Money: Summary and Thoughts on the Internet of Money chapter two: Hive seems relevant!

in LeoFinancelast year

Social institutions, such as government and banking, have traditionally been built around bureaucratic systems that were hierarchical and had their own set of rules. However, with the advent of the internet, the way these institutions operate has shifted from being platform-based to being protocol-based. This has been made possible due to the design of the TCP/IP protocol, which allows for interactions without the need for a centralized authority.