The Permissionless Revolution
Bitcoin launched in 2009 without asking banks for permission to create a new currency. It didn’t seek regulatory approval. It didn’t partner with financial institutions. Satoshi Nakamoto just released the code and let anyone participate. Today, Bitcoin has a market cap over $1 trillion and central banks are scrambling to respond.
Ethereum took this further by creating a permissionless platform for building decentralized applications. Developers don’t need Ethereum Foundation approval to deploy smart contracts. They just write code and deploy it. This spawned DeFi, NFTs, and dozens of other innovations the platform’s creators never anticipated.
The internet itself is the ultimate permissionless system. Nobody needed permission to create a website in 1995. Nobody needed approval to launch a startup in 2000. Nobody needed credentials to build Facebook or Google or Amazon. The infrastructure was open. People built on it.
HyperCycle follows this pattern for AI infrastructure. The Internet of AI is being built the same way the internet was built: by people who didn’t wait for permission.