Using metaphors from biological evolution at a recent talk in Milan, Bitcoin guru Andreas Antonopoulos dissected the anatomy of today’s financial system, explaining that the “new species” of money such as Bitcoin doesn’t directly compete with “dinosaur” banks.
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The Bitcoin ‘Meteor’
Speaking in front of Milan’s Bitcoin Bitcoin Meetup community in March 2016, Antonopoulos sees the invention of Bitcoin — in the wake of the 2008 financial crisis — as analogous to a cataclysmic event. Much like a meteor striking the earth, it can not only wipe out much of the incumbent “dinosaurs,” but also create a completely different environment that could foster an entirely new type of species.
“On January 3rd, 2009, a meteor appeared in the sky of our society,” he quips. “Until that time, banks were the kings of this planet like giant, lumbering dinosaurs, completely dominating for hundreds of millions of years with complete disregard, even contempt, for the tiny little fury mammals that they routinely step on.”
Many millennia ago, the dinosaurs reached a point of “equilibrium” where