Recently, on x.com – previously known as Twitter – Michael Saylor highlighted a thought-provoking piece titled “#Bitcoin and The End of History” by Bitcoin analyst Matthew Kratter.

#Bitcoin and The End of Historypic.twitter.com/bw3NRg7G4t

— Michael Saylor⚡️ (@saylor) October 5, 2023

Beyond The Fall of the USSR

Many are familiar with the monumental claim made by Francis Fukuyama when he proposed that the fall of the USSR and the subsequent triumph of liberal democracy symbolized “the end of history.” However, as Kratter aptly points out, history or wars that mark a particular era, are far from coming to an end.

Matthew Kratter asserted in his video description, “History has taken on darker and darker forms since the publication of Fukuyama’s book.” The era post-USSR saw the emergence of surveillance states, and under the guise of “national security,” many liberties were suppressed.

Bitcoin Can Be The Dawn of a New Era

However, there’s a silver lining, and it’s shining with the potential of Bitcoin. As Kratter writes, “The beginning of the real end of history began with the rise of the cypherpunks and culminated with the invention/discovery of Bitcoin.”

He paints an optimistic picture of Bitcoin’s influence, stating, “Bitcoin makes it impossible for authoritarians of all stripes to debase or seize private property, and these protections are accessible to everyone, everywhere.” Essentially, Bitcoin possesses the transformative power to usher in an era where governments, for the first time, may need to earn their citizens’ loyalty.

A New Political Horizon

By decentralizing financial control, Bitcoin potentially paves the way for a world where governments must treat their subjects with respect and fairness, lest they lose them to more benevolent jurisdictions. Kratter’s analysis thus posits Bitcoin not just as a financial revolution, but as a socio-political one as well.

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