Cryptocurrency has been touching various industries worldwide since the day it appeared. Its goal is to replace fiats and reduce the influence of banks, governments and modernize traditional transaction activities. One interesting question about impact of Bitcoin is, to which extend can Bitcoin revolutionize governance.

This idea came in during an interview session on the Stephan Livera Podcast, published Dec. 29, made by Jameson Lopp. Jameson was known as a famous figure in crypto industry who proclaimed himself as a professional cypherpunk. He emphasized that Bitcoin (BTC) as the first step in a broader transition to an anarcho-capitalist society.

“I believe that Bitcoin is a very interesting experiment that if is successful in the long run could not only revolutionize money, but revolutionize how we think about governance.”

Lopp mentioned that if services currently provided by centralized third parties were replaced by “software agents that can start to replace pieces of government functionality”, there would be a “more self-sovereign, anarcho-capitalist society”.

“The first step I think is Bitcoin, and if that’s successful enough, then we can start talking about the next step.”

During the interview, Lopp also declared that “one thing that people don’t seem to be investing in as much as they should is education.” He encouraged investors to “do your own research” and also argued that developers “need to bake user education into the actual software and hardware,” such as crypto wallets.

Adding up to the idea, Timothy May, the recently deceased cypherpunk co-founder described in his “Crypto Anarchist Manifesto” how cryptography can create a system in which people will be able to interact directly, free from the influence of governments.