Satoshi Nakamoto staged an undramatic withdrawal from the virtual phenomena he invented three years after launching Bitcoin’s renowned whitepaper. While the long-term value of Bitcoin is up for debate, Nakamoto’s decision to step down from the cryptocurrency’s leadership has irreversibly revolutionized the paradigm of decentralized leadership. Decentralized leadership, once characterized as a distributing leadership style in which senior executives allow middle and lower managers to make crucial choices, has developed to include Decentralized Autonomous Organizations with the arrival of blockchain technology. Shareholders control these leaderless entities, which are guided by democratic processes defined in code and governed by smart contracts.
The Crossroads of Special Operations