Blockchain Innovation Isn’t Just Technical

in #blockchain6 years ago

The great innovation of the blockchain isn’t purely technological (Byzantine Fault Tolerance was a thing before Satoshi). It is social. Global, non-violent consensus combined with permission-less access enables anyone to build previously impossible tools for human interaction. Blockchains may be inefficient linked data lists, but that’s not the point. The point is they remove the need for a centralized authority to coordinate access grants. Everyone can participate, and, importantly, no one is excluded. The breakthrough is in its voluntary nature.

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People inherently want to be at peace with other people. For last several decades and perhaps even a century the power people have given to their leaders have been twisted and that have put people at odds with other people. My argument may be simplistic and yet it would be difficult to prove it entirely false.

Perhaps Blockchain is not a mere technical innovation. It might actually be a natural course correction that that the society has chosen

Well, I am not very technologically literate, but even I understand your paragraph. And I love it. What makes blockchain technology so great to me is it gives us the freedom to choose how and where we spend our values (whatever currency that may be) in anonymity, without the bleeding off of some of our hard-earned produce to someone else.

Someone told me that as long as we are using the fiat currency, we are basically in usury of that money, and the fees, and taxes are rent for that 'privilege'.

I love it that this has the potential to free whoever wishes to be free. Thanks for your hard work for Steemit.

what a beautiful way to explain the concept.. Love it :)

The challenge becomes how we move it OUT of "Nerd Land" and into the broader light. "In time," I know...

Voluntaryism remains in its infancy... but I think touchpoints like the "Crypto Kitties" (where people get to potentially understand the technology and benefits through doing something that is FUN, rather than BUSINESS) are a promising touchpoint...

It is a great explanation @lukes.random . Satoshi' s idea is all about decentralization. It is my writings about Satoshi for people dont know much about him. https://steemit.com/blockchain/@pliatusz/who-is-this-satoshi-nakamoto-who-is-this-mystery-person

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