RE: While Many Passionately Pursue Moolah, We Own The Banks. See How You Can Own Your Very Own Bank Today.
Blockchain helps matters very much. Among other things, it was build as a tool to bring about a measure of equality. One major way it accomplishes this is by putting information in your hands.
The blockchain is basically a distributed database. Think of a giant, global spreadsheet that runs on millions and millions of computers. It’s distributed. It’s open source, so anyone can change the underlying code, and they can see what’s going on. It’s truly peer to peer; it doesn’t require powerful intermediaries to authenticate or to settle transactions
But to me, the blockchain, the underlying technology, is the biggest innovation in computer science—the idea of a distributed database where trust is established through mass collaboration and clever code rather than through a powerful institution that does the authentication and the settlement. Thanks for sharing this.