You are viewing a single comment's thread from:

RE: Blockchain as the liberator of the masses from the claws of the NWO

in #informationwar5 years ago

Hello Piotr. Thank you for making me aware of this post. In this case I tend to agree with your assessment of the situation. While @julianhorack speaks to the original desire to have blockchain allow us to reclaim sovereignty, we are now seeing the impact of laws across the globe that are once again limiting freedoms.

The vast majority of blockchain applications, including coins and tokens, are tied to various jurisdictions. And, in each of these jurisdictions, governments will enforce their own laws. It may only a matter of time before we see the same censorship in blockchain apps that we see in traditional venues.

One of the reasons for this is the overarching concern of governments to control bad actors. One way to do this is through KYC and AML which I recently addressed in KYC and AML are Good - Yum. Essentially governments are under pressure to maintain law and order. So, as more bad actors take advantage of the blockchain freedoms, more controls will be exerted.

There may be a few exceptions. The obvious is Monero, which I believe is the only truly decentralized coin. The other is EOSIO, which as essentially separated the blockchain infrastructure/ownership from the actual blockchain. An interesting concept that has yet to be tried in a court to the best of my knowledge.

There are a few decentralized autonomous organizations/corporations, DAO or DAC respectively. Again, their Dapp can be tied to a locality, I think they too can be censored.

So, while we always push the freedom movement, we need to consider the rights of others and ultimately there are limitations.

This was a great topic and I appreciate the opportunity to get involved.

Sort:  

Well stated, even if I continue to disagree with you @guysellars. I believe regulation of any kind will simply hamstring crypto while keeping it trapped in the race against government currency manipulation... a race that crypto will never win (and the penalty for loss is to fall out of use and become irrelevant).

The ONLY way crypto has a chance to compete (and therefore sustain it's own marketshare) is to change it's playing field to one in which a fiat currency has no legs to run on. That IS the deregulated space on the electronic wild frontier (and yes, there are "bandits" but, those bandits suffer from the "free market" as much as "good actors" do.

Regulated (non-free) markets are built to stifle competition and feed unhealthy monopolies.

Thank you for expressing your opinion, which I actually think is the wish of many. Perhaps we can agree that, whether regulated or not, we appreciate the forums that allow us to express our opinions and discuss critical topics together.

Good to meet you @jbgarrison72. I hope we will run into each other more often.

Dear @jbgarrison72, @guysellars

Personally I believe that this race has been already lost. Crypto and blockchain were created to serve humans.

And humans that have power and resources will always win.

Yours
Piotr

Not all humans with power and resources are bad although in our current paradigm, bad actors tend to get a greater share of the rewards.

In a true/ideal free market, power and resources will naturally funnel to those who provide the best service for the lowest price. :)

The greatest good is always served by emergent harmony arising through struggle.

Good to read your comment sir. I see your point that on the ground governments can reach your computer terminal or node and shut it down if they want. I'm hoping that there are enough decentralized nodes scattered all over the planet so that some will always continue, even if the others are taken offline. If a one world government comes into power we may have to head for the hills and transmit our pirate signal from an unknown location, though those are fast disappearing with all the tech around today.

Dear @guysellars

Brilliant comment buddy! Seriously great read.

Thank you for sharing your view and accepting my invitation. Appreciate it a lot.

I also never heard about EOSIO. Love to learn something new yeyeye

Have a great upcoming week :)
Piotr

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.032
BTC 62985.27
ETH 3098.43
USDT 1.00
SBD 3.83