Innovators are seen as disruptions of the norm, and as change agents, they are resisted by those who benefit from the status quo.

The stories of Amazon and Bitcoin are the same; each is a huge innovative disrupter of the norm at their time.

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Each represented a huge departure in the way things would be done, and each was met with derision, resistance, regulatory resistance and eventual acceptance.

Change has always been met with resistance

While many May view Bitcoins struggle for acceptance as unique.
The story is as old as time.

#weaponry
The sword replaced the club.
The arrow surpassed the spear.
The bullet surpassed the arrow.

#transportation
The car surpassed the horse and buggy
The airplane surpassed the train.

#communication
The fax surpassed the letter.
The email surpassed the letter.
The text surpassed the email.

Some of these battles preceded those that yet live, while others occurred during these same peoples lifetimes.

We sometimes need to step back and ponder the flow of change over time to recognize the similarities.

Both Bitcoin and Amazon seek to disrupt the status quo, and each presents a serious threat to the economic well being of the industries they propose to disrupt.

Amazon threatened shopping malls and stores with financial ruin.

While initially it’s focus was on books, the concept of a bookstore literally as big as the world, was a competitive advantage which wiped out the competition due the unmatched diversity of offerings.

This advantage initially destroyed the bookstore industry. Many famous bookstores, which were familiar household names fell into bankruptcy and irrelevancy, like soldiers falling before an unstoppable powerful warrior.

Once Amazon slew the giants of the book industry it turned its sights on others. The internet proved to be an unstoppable tool which it used to slay all who stood in its way.

Now the huge Amazon is so far removed from its humble beginning, it’s hard to imagine they were once resisted by laws against interstate commerce, taxes and other roadblocks. Amazon struggled and it’s stock teetered in the brink of delisting from the major exchanges more them once.

But innovation won’t, and the resistors assimilated Amazon’s techniques the best they could,, but by then it was to late, and many failed anyway.

#Bitcoin, Blockchain, NFTs
Cryptocurrency and the blockchain threatens the financial system status quo.
The evolution of the ledger to the blockchain is an eventuality not a possibility.
Innovation can be delayed, but it cannot be denied.

@shortsegments

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