Did internet challenge the authority of the state?

Did internet challenge the authority of the state?

You just contradicted yourself; if internet threatened the buss that control the state then how the buss still control the state?

Challenged imply threatening. Businesses that were threatened lobbied to change government policies. Bitcoin is threatening banks and so they will try to force government to kill it. Get the logic here? Perfect analogy.

Nope. It challenges a states Authority to control its currency. NO STATE WOULD LET THAT HAPPEN. On the contrary Internet had productivity gains w/o challenging the state. So the internet and bitcoin (as a ccy) are incomparable.

You don't think the state tried to control the media? Internet changed that and therefore it indirectly challenged the state's authority.

The previous point was valid. The media fought hard against open journalism, because it threatened their business model. 100+ countries have adopted a wait and see approach for Bitcoin rather than banning it. If your State doesn't value your basic right to commerce, you fight it.