Andreas Antonopolous on What Bitcoin Does

“Bitcoin is the first system of money that is not controlled by any entity, that is completely decentralized. And what it does is it introduces the very same things that the internet brought to communication. If money is speech, if money is a language, and you disconnect it from all other media, and you make it pure speech, pure content, an internet content type, a protocol designation, money over IP, it completely separates it from all of these previous notions of nations, sovereign issuers, institutions that control. And so we go from institution-based money to network-based money.”

-Andreas Antonopolous, in the YouTube video ‘Introduction to Bitcoin: what is bitcoin and why does it matter?’, in 2017.

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