in 2008 bitcoin arrived on the heels of other non-state mon…

in 2008 bitcoin arrived on the heels of other non-state money experiments that were previously shut down, but bitcoin succeeded because it was decentralized. so bitcoin offered a template for how to design a kind of money social network that was run and incentivized by an open and transparent set of rules rather than any one person, this made it prohibitevely expensive to shut down