RE: Convergence: The Key To STEEM's Massive Explosion In The Near Future: Part 1
I remember a video by Andreas Antonopoulos called "Fake News, Fake Money". In it he explained that what the internet did to communications in the 90's, bitcoin is about to do to the banking industry. When the phrase "The full faith and credit of the United States Government" rings hollow throughout the world because we start questioning money in the same way we started questioning mainstream news, then authority will be in great trouble. Most crypto will probably gain in the process, but then governments will inevitably be blaming bitcoin for their troubles and many who simply are ignorant will not know who really is to blame. If that scenario plays out soon, we will have a digital panopticon to contend with. Eventually though, centralized systems are too prone to failure to last.
I'm set up for the coming storm and being in the USA I eventually expect badge wearing extortionists to knock and make excuses for why I need to hand over my crypto for the "good of the state" (or else of course).
The question is what can replace it after the hard crash. There's an interesting proposal that you might not have seen called Cicada DDD. I'm not sure we need this to elect representatives in the long run. People who have been led will eventually begin to realize that the mathematics can handle voter fatigue and we can enact bills simply through proposal in the same way we post articles on Steemit.
You are right, the blockchain will be able to handle all of that.
At some point, the nation-state concept is going to die. We will see governments, for the most part, eliminated and the blockchain handle all "management" via smart contracts.
Crypto is the first app of many that will change the face of this world. It is the first, and probably the most important since it deals with the enslaving force, the currency. Like you said, once that stranglehold is broken, we are going to see a great deal of other things emerge quickly. It might take a while to render the banking system impotent but it will happen.
I have reason to believe that Trump might try to put the US Treasury into a chapter 11 before the end of his term to try to get a better bargain with the Fed. It's based upon an analysis of zodiacal aphesis (a Hellenistic era astrological procedure). I wrote a special program starting some 20 years ago to handle this because nobody else would do it.
I don't really believe in astrology because the efficient causes are really something else, but life isn't random either which means that patterns can be observed. I use a process of logical extrapolation by mapping events from previous periods and looking for repetitions and he's filed bankruptcies in previous L3 Cap periods. He enters a new one that lasts for 8 years starting at the end of this month. The analysis leads me to believe that between 2018 - 2026 will be the greatest shift in world governing power.