Disintermediation technology and decentralization is the key to freedom

zoidsoft (62)in #bitcoin • 7 years ago (edited)

This talk discusses a long term trend that started in the 90's and has been intensifying. This trend involves disrupting industries that are dependent upon "middle men". While the introduction of the internet served to spark this trend, a key invention of Satoshi Nakamoto in bringing together about half a dozen different technologies never before linked together in the same way has created the best chance for freedom that the human species may ever have the chance to seize.

One of the factors working in favor of technologies such as bitcoin is that there's no CEO or bitcoin "office". This makes it nearly impossible to attack. The distributed ledger is the hydra of the banking industry. For every swipe Jamie Dimon takes at bitcoin, three more altcoins are born. Another factor practically insuring banking infrastructure inversion is that the IT departments have to work with regulators which cause the inability of banks to keep up to innovations in the cryptocurrency space.

A friend of mine once said that banks will still have to be around because bitcoin can't "lend" money, yet now there's something being worked on called the "lightning network" which has the beginnings of a "credit" system. It's clear that many people are drastically underestimating the power of the Nakamoto invention.

In the future, one of the questions anyone should ask is whether a technology is centralized or decentralized. Centralization leads to restrictions (such as Windows 10 forcing updates on users whether you like them or not). Google's ability to censor significant parts of the web and similar behavior from Youtube. In fact, there's a new video platform called DTube where the "D" stands for "Decentralization".

If you consider yourself to be "awake", decentralization is a keyword that should be at the top of your list. Without it, it's business as usual, or worse (panopticon).

Donations (public bitcoin address):

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#blockchain #politics #technology #freedom

7 years ago in #bitcoin by zoidsoft (62)

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Disintermediation technology and decentralization is the key to freedom

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