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RE: The blockchain revolution and the end of trust

in #blockchain7 years ago (edited)

Great article. I agree, the thought of eliminating what makes things complicated or corrupted is ideal and needed now. The issue of the ring of power also follows a decentralized system. In the next case, the power would be linked to the actual power used to store, validate, and keep the invisible fabric alive. How do you solve an issue of everything being stored on virtual smart contracts and in virtual currency if there was no more virtual anything? Would this be another great opportunity for aggressors to exhibit land grabs on your "7. Land Rights" issue? In the end, whoever controls the internet, storage, systems, code, and electric power could also become the one that holds the freedom. Any thoughts?

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Disclaimer: I am all in for eliminating the middle man and the transference of power to those that truly deserve it. I am simply advocating we all ask the hard questions to better the outcome of every possible future situation. Thanks!