Decentralization as the antidote against human corruption

in #philosophy7 years ago (edited)

the core issue is power delegation

Corruption manifests itself in many different forms: lobbyism, traffic of influences, abuse of priviliged information...

However, a proper monetary policy could tackle most forms of corruption at once.

There is no bigger act of faith than letting a central bank regulate your national currency

Letting a central Bank determine and "regulate" a currency monetary policy is not just a huge act of trust, but also a very big commitment between a nation and a few selected group of people.

Is human condemn to repeat its mistake ad infinitum? Maybe its time for humanity to - once for all- acknowledge its intrinsic difficulties in delegating power.

We witness the first global civilization ever existed in the Earth. Isnt it suitable to experiment with new global technological measures?

What if at last, we are solving most of our power delegation issues thanks to the blockchain technology?

The history of civilization repeats itself


Rampant corruption destroys empires.

As an example, corruption was one of the principal reaons of the collapse of the Roman Empire:

  • The Praetorian Guard—the emperor’s personal bodyguards—assassinated and installed new sovereigns at will, and once even auctioned the spot off to the highest bidder. The political rot also extended to the Roman Senate, which failed to temper the excesses of the emperors due to its own widespread corruption and incompetence. As the situation worsened, civic pride waned and many Roman citizens lost trust in their leadership.

  • The Ottoman Empire started its decline when the sale of offices, bribery and corruption became widespread. Indeed: Most historians point to “degenerate Sultans, incompetent Grand Viziers, debilitated and ill-equipped armies, corrupt officials, avaricious speculators, grasping enemies, and treacherous friends.

  • The Yuan Empire (led by the Mongols) also collapsed due to corruption: The decline of the [the Yuan empire] was a result of a number of factors, these being incompetent and rivaling leaders, corruption, revolts, decadence, factional struggles, assassinations, external attacks, and disease.

will average Joe learn to trust the blockchain?


I said learn, yes. Because nobody should trust something he does not understand.

This is the key. We need massive adoption and massive education on how the blockchain works. We need to educate.

What the blockchain can and cannot do


The blockchain is not Artificial Inteligence. Therefore, it cannot Govern.

However, it can eliminate parasitic money movers intermediaries and central banks. This alone, can make a civilization economy more efficient and expand its life cycle.

What if..


there is not reason to save the Empire? What if entropy is doing its job one way or another? I will leave this question open.


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Good post, alltough I have a slightly different view on corruption. I see corruption more as an outcome of incapablity to embrace process.

Brilliant. Never thought about it from that angle. Actually, who are we to judge what is corrupt and not? If we look back to ancient civilizations during their golden times, what could had been considered a corrupted behaviour in one of them could perfectly be something OK in another one. What I try to say is, when we talk about corruption destroying a community we are really talking about systemic incapability of sticking through the core principles of which the stablishment has been built upon.

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