Paypal recently filed a patent based upon the decentralized technology of bitcoin that attempts to speed up cryptocurrency transactions, but is closed source and involves decisions made by central authority. Such a move is really very ironic and also misses the whole point of decentralization, but isn't at all unexpected. We are, as Andreas Antonopoulos says, reaching the "third stage of grief for the industry they're about to lose" which involves "bargaining".
Essentially such a move by Paypal is saying "we like blockchain, just without the decentralized, censorship resistant, and borderless properties" but "controlled by us". The last part we can't oblige. Decentralization is about loss of control which if done correctly will ultimately steer us away from the issue of terrorism and return power back into the hands of the people. We're headed into a collision course with those who say they have "authority" based upon the vote or some other authority handing over power.
How did we arrive at such a position where authority has such enormous power? It wasn't because of the vote. The democratic process is a thinly veiled attempt at coercion that tries to confuse you about who is in charge by registering your vote then quickly returning to their own agenda. The proof that you aren't in control isn't hard to find. All you have to do is ask to opt out of the system and you'll quickly find you don't have that choice. You are given a series of meaningless choices that will lead to the same result. This image just about sums it up...
It's enormously important that we understand the difference if we want to avoid pain in the short term. If we blindly accept control by central authority while this counter trend is made manifest, we could be in for a digital panopticon for a generation. The world could live under conditions that east Germany faced when the wall was built but an order of magnitude worse. Now coincidentally, Trump is talking of building a new wall. The cycles of history repeat and are visible to those who are aware.
Authority amassed so much power through having monopoly control on the printing of money. That is the #1 reason. The ability of authority to print up whatever money they need when they want and pass off that cost as future debt on unborn generations is what created such enormous political pressure. It's what they used to claim the disproportionate reward from the effects of prosperity of the industrial revolution. But this is unsustainable in the long run, so it's not a question of if, but when collapse will come. It will happen when "fake news" turns into "fake money"...
Andreas Antonopoulos talked about the five stages of grief in the first video, but I would modify it slightly because depression and acceptance is not something that psychopaths take lying down. What we are likely to see is anger and war and even greater abuses of power until enough equity is drained from these parasites where they can no longer leech on the resources of the masses.
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