Public vs private

With prices being what they are nowadays, some users have been coming to me asking if the rise of new private blockchains could be a reason to the weak performance of Bitcoin and other blockchain projects. Meaning companies and individuals using the advantages of the blockchain tech to create their own platforms to be used instead of open-source and free to use platforms that exist today such as Bitcoin, Ethereum and Steem.

I'm not going to say that those private blockchains won't stand a chance at first and I'm sure with the money these people have they will be able to create something great and manage to get a lot of people interested in it, but there is one thing that will always lay like a shadow over them compared to the blockchains we know today. Censorship and freedom.

Hopefully most people by now know the difference between the front-end Steemit and the blockchain Steem, some things you may not know is that Steemit which is operated by the company Steemit Inc does have some rules to it (even though not many compared to other centralized platforms) but they have to abide to them because of law and their residency in the U.S. The rules consist of things such as not allowing users under the age of 13 to create and use accounts and material that is highly #NSFW and illegal should not be visible to the front-end. So in a way part of that freedom is revoked there and some things may not be visible to people searching for them on the front-end even though they know they exist on the blockchain. For now that's all well and good as those things is something the majority don't want to show up on the front-end, but as we have noticed over time companies tend to bend the rules more and more and act according to other powers effecting their decisions.

Facebook and Twitter for instance have often outright banned users because of political reasons which others deem not ban worthy. Not only were their accounts completely removed but those users lost their freedom of speech.

Now imagine a blockchain created by JP Morgan ( which exists ) or other ones that may be created for social media. Where do you think those people will draw the line to censorship and freedom of speech? Of course they may seem nice and censorship resistant in the beginning, it would probably be used as an advantage to get more people to join at first... But during times where the core internet we know today is facing censorship, middlemen and being controlled by the government or other corporations we might really want to start and think about the future we want to create for ourselves. @theycallmedan mentioned this in a video recently, people have been suffering for years from poverty, working more jobs than previously thought humanly possible just to end up in debt anyway because of how the economy has been run by the elite, to leech as much as possible from the people and put them in debt for decades, even sacrificing the planet we live on just so they can have a more luxurious present.

We have the chance now to entangle ourselves from their grasps, not leave them in control of everything. The mentality of "investing" fiat into crypto needs to change into "getting out from their game", if you're not playing their game with the odds heavily stacked against you then they will eventually lose. Let's create our own future, one that we control and is secured through math. Let's keep the future of the new internet open and free for anyone to use.

[Image Source: pexels.com]

---