Pink Floyds Wall Between Today and What we Want
If ya don't eat yer meat, you can't have any pudding! How can ya have any pudding if ya don't eat ya meat?
What have we here, laddie? Mysterious scribblings? A secret code? No! Poems, no less! Poems, everybody!
The laddie reckons himself a poet!
"Money, get back / I'm all right, Jack / Keep your hands off my stack / New car / Caviar / Four-star daydream / Think I'll buy me a football team."
Absolute rubbish, laddie.
Alright, I am out of the Imaginary world that Song use to take me, In fact even if I hear it today at the right time then it’s still possible.
We all loved that Song probably and It came in my head when I was thinking about a caption related to a Wall, an obstruction we have in the Crypto Space.
So as you might have guessed, the Legendary singer has nothing to do with what I am going to talk about.
Blockchain, technology behind Bitcoin or Disruption to the Centralised Economy, how some KnuckleHeads like to Call it. And those losers who thought it’s good to add this on LinkedIn Profile due to The Hype, but not really interested in it. But deep down somewhere they all are well aware of the Potential Blockchain has.
Let’s say
Han Solo wanted to buy Darth Vader’s Outfit, but only able to pay it over 3 months of time. Han Solo doesn’t need to get a finance from the Bank and pay interest anymore.
Han Solo and Darth Vader Code a Contract where for the next 3 months Han Solo will pay one-third of the value to Darth Vader. When Han Solo is done with the Payments, the Property is Automatically transferred from Darth Vader to Han Solo.
Welcome to Smart Contracts.
Now two people who are NOT happy about this are R2-D2 and BB-8 i.e. Banks and Notaries.
Soon R2-D2 and BB-8 realised that their Position is facing serious Risks in not so Distant Future.
So the Wall is Banks and Notaries. Many banks joined Forces to develop a Blockchain based system to allow them to speed up their Internal operations. But their attitude towards Blockchain is completely different. In a way if we look at it, not so distant past from today, the banks fought to bring internet banking into practice and surrender the old system as they knew that they have to do this to survive.
My prediction is only time will tell. I see it with big eyes 👀 that big institutions look forward to adopting Blockchain but they will make sure that it’s more beneficial to them than us. Eventually speeding up the inevitable reformation of Tomorrow’s Economy.
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@originalworks
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