"In 1842 after (US president) Andrew Jackson shut down the banks, people produced their own copper coins, called hard-times tokens. It was a bottom-up protest. There is a similar logic with bitcoin. During the 2008 banking crisis people could not trust fiat and the authorities that have oversight. There is a real distrust in the conventional mechanism so that is why token sales, to a certain segment, are seen as a safe haven."
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Tokens are the new, new thing. Some say they herald the beginning of a new kind of economy and maybe even the end of capitalism as we know it.
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John Henry Clippinger
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