Crypto anarchism, decentralization and crypto-currency.
There are three whales of the new world. They are crypto anarchism, decentralization and crypto-currency. The idea of crypto-anarchism is based on anonymity. It’s achieved by creating complex systems of personal data encryption and human freedom from government regulations. This idea is amazing and wonderful, because of everyone wants to have privacy rights and would like to be sure that their correspondence keeps anonymity bypassing third parties people.
However, centralized services prevent a development of this idea for many years, they store encryption keys and can easily see all your actions.
But here’s a surprise, Bitcoin is appeared in 2009! People do not immediately understand its importance and advantages, it took 5 years till even large analysts begun to name it like replacement for a fiat currency.
How did it happen?
Because of the decentralization there is no way to track your transactions and encryption methods allow you to make them safely and anonymously. Currently we can notice the emergence of more and more decentralized services using complex and stable encryption algorithms. Isn’t it a crypto-anarchism in reality? We can imagine a future where the lack of decentralization and encryption will be considered like a bad taste and using of personal data will be carried out only in special situations.
What do you think about it?