In the process of capitalizing itself into relevance, this boom of crypto
capital has built a native financial system to account for its very own
bootstrapping. While the other revolutionary technologies no doubt led to
evolution within the existing financial system, none of them built an
entirely new financial system from scratch. Instead, they remained reliant
on existing financial systems, placing power in predictable hands.
Blockchains can be thought of as 21st century accounting and production
systems owned by “the people,” and so it follows that the space has
pioneered a new financial system to displace the old.