Will Blockchain Tech Lead to Next Cival War? - The Decentralization of Power & Wealth
There's a political divide in the United States among the so called "Cultural Marxists Left" and the "Alt Right". This divide is evident with recent protests in Charlottesville VA and NFL players taking a knee during the National Anthem.
What's giving rise to this conflict? Dr Ron Paul sheds some truth on this topic by explaining the forces behind each side and what is fueling and provoking the conflict in his video titled "America's Broken System: Left & Right Authoritarianism"
Dr Paul summarizes the conflicting sides:
“One side has been labeled the alt-right, the other cultural Marxism. The right would like to reduce the debate to the differences between Communism and a populist government that emphasizes caring for Americans over foreigners. The Left would have us believe it's merely a conflict with supporters of racism and injustice and cultural Marxism. Neither side speaks of Liberty. The alt-right is made up of conservatives, populists, and pro white enthusiasts, but all are labeled Nazis and fascists by the left.”
He offers truth behind what is provoking and fueling this divide:
"The immoral use of government force caused this crises, and expanding it will only increase the hatred between the two sides..."
"...large numbers are attracted to the raging culture war for emotional reasons in response to the lies and the incitement [the action of provoking unlawful behavior] by those whose ulterior motive is seeking power, wealth and promoting a dangerous new world order.”
Centralized controlling entities are often corrupted by the pursuit of power and wealth by unethical means, which appears to be a natural phenomenon in human nature repeated throughout history.
Dr Paul offers us a solution:
"Replacing authoritarianism with volunterism must be our goal. "
Watch the full video here:
Interestly enough, blockchain offers that very same solution that Dr Paul suggests - "Replacing authoritarianism with voluntarism"
2008 was a year that highlighted the flaws of centralized power with the Great Recession of 08, followed by crowd-taxed banker bailouts that widened the gap of economic equality, to the detriment of the masses and benefit of the elite 1%. This event coincided with the release of Satoshi’s Bitcoin Whitepaper, which summarizes the very same problem of centralization and proposes the very same solution of "volunterism" through the use of blockchain technology.
Blockchain provides trustless decentralized ledger technology that allows peer-to-peer interaction between parties directly, without the need for a trusted third party. It provides decentralization through independently operated network of nodes that save independent ledgers of information and eliminate the need for a trusted third party by using majority consensus instead.
Satoshi describes the same problem and a technical solution:
"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties... it still suffers from the inherent weaknesses of the trust based model... What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. "
Satoshi's gift to humanity - The very tool needed to move away from centralized power.
Blockchan's distributed ledger technology set humanity in motion towards a decentralized world of abundance and peace through a "trustless" peer-to-peer system powered by volunterism.
Satoshi's technical solution to centralization began with peer-to-peer payments and has spread to many utilities that not only remove the need for trusted third parties, but also unlocks tremendous economic value to the users, which would otherwise go to the centralized third parties.
Her are a few already existing blockchain use cases that well-funded through crowd coin offerings and are set to disrupt centralized models:
- Asset exchanges
- User application platforms
- Content hosting
- Cloud computing
- Civil documents
- Identity
- Loans
- Prediction markets
- Insurance
- Games
- Virtual worlds
- Asset tokenization
- Decentralized autonomous organizations
- Protocol (peer-to-peer internet)
- Voting
So what happens when the people no longer need centralized power?
The economic elite and financial nobility that are the centralized powers that be, wont relinquish control so easily.
Jamie Dimon, CEO of JP Morgan Chase warns us that governments would shut down Bitcoin if it gets too big, stating:
"Eventually government is going to close it down. They like to control their currency. They like to know who has it, where it goes, why it goes, when it goes, and they like to see it."
Watch the full video here:
China cracks down on ICO's and cryptocurrency exchanges
On September 4th, 2017, China issued a ban on initial coin offerings, "ICO's", shortly following through with a ban on all cryptocurrency exchanges, going as far as prohibiting officers of companies involved with ICO's from leaving the country.
Today we're still in the Wild West days of blockchain technology, decentralization and cryptocurrency. As it gains popularity and use, governments and authorities are beginning to take notice.
Will the ruling elite feel a threat to their power and eventually deem blockchain technology illegal? Will people relinquish this right without a fight?
Share your comments below.
LOL Ron Paul is one of the reasons that alt-right exists. And seriously, voluntarism? That debate is over, Piketty's statistics on that (published in 2013) proved that it doesn't work.
This is by no means against crypto-currency or blockchains, it's against this libertarian dystopian ignorance Ron Paul so much likes to spread.
Blockchain is a form of voluntarism my friend. A bit of a contradiction to be a proponent of decentralization but not voluntarism.
Enlighten me please, my friend. How is it voluntarism?
Voluntarism dictates that all forms of human interactions should be voluntary. In blockchain, as a human, you're relying on the algorithm (i.e. codes on a set of rules), which is the authority in this scenario; and how it works is agreed upon by multiple parties.
You know what else is a set of rules that is agreed upon by multiple parties? A government (at least in theory; but if you aren't happy with the practice, then this is about how it works, not the definition).
Piketty lays claim to the intellectual traditions of Karl Marx, so we'll have to agree to disagree.
Fair enough; but the difference with Marx is that Piketty uses data, A LOT OF data. Reading those statistics changed my view on economy, I must say.
Your comments are appreciated despite of our fundamental disagreements.
Same here, always interesting to talk to people with different opinions
Thanks for the post. I really enjoy Ron Paul's channel on youtube. I'll have to check it out when I have more time. When somebody figures out how to use the blockchain to promote better candidacy for good job placements, I'm going to be really happy about the future. Imagine being crowd-recruited for a position you would be great for because of a blockchain that validates your value potential in specific fields of experience. People with garbage jobs could actually earn a decent wage from blockchain rewards for being experienced and in demand.
My pleasure. I agree! In the long run, distributed ledger technology will one day bring abundance and peace to humanity.
I suspect that the Blockchain and associated technologies will cause a bloodless revolution in how economics operates in the world. That's what's exciting aboout it to me. It's a peaceful means of dismantling authoritarianism.
I agree the movement is peaceful, and I feel it will spread like uncontrolled wildfire when value is proven. Question is whether there is a self entitled power that will ban blockchain to maintain control. Or will it be a smooth transition.?
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