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What Would Bitcoin Institutions Look Like

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“With out widespread concepts, there isn’t any widespread motion, and with out widespread motion males nonetheless exist, however a social physique doesn’t. Thus so that there be society, and all of the extra, that this society prosper, it’s obligatory that every one the minds of the residents all the time be introduced collectively and held collectively by some precept concepts.” ― Alexis de Tocqueville, “Democracy in America

After studying the quote above by the ever-prescient Alexis de Tocqueville, it strikes me that if a society is to be held collectively by some precept concepts, then the character and content material of such concepts should be exceedingly vital. Moreover, if these concepts lose their efficiency or grow to be misshapen, the society essentially degrades. Right here in the US, this course of seems to be unfolding earlier than our eyes, leaving us in determined want of recent concepts and a recommitment to a typical perfect.

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