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Cryptocurrency in general is great, being that it monetizes participation in running the ledgers, etc. for blockchain. Decentralization of gambling and other established industries that once required being filthy rich is cool for obvious reasons. But honestly, more than any single project that exists at the moment, I am most excited for the implications of a voting network that is not centralized. As more banks adopt blockchain and more people understand it, more and more people will probably pressure governments to adopt it as the method of voting. in political elections.

This would be a huge step towards removing representative government and installing something that looks more like a true democracy.

I do not know for certain that it will happen, but this is the conversations I am talking about- what the big picture potentials are for blockchain and the many other various ways it could shape a new future

I agree. I think about blockchain in terms of a technical improvement. It offers a few new essential properties:

  • public confirmation
  • immutable data
  • private interaction

There are many systems you can build that are superior to existing ones. Currencies are the first. Hopefully voting systems and other governance structures will be next.

My main fear about blockchain is that it will experience the same fate as the internet. The internet used to be a wide open exchange of information. Now it is a consumer hellscape where everything revolves around tricking you into buying something. Blockchain is only a tool. Whether it is used for freedom and learning or fear and control appears to be undecided.

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