Why Blockhain is the Way to Topple Government's domination on Central aspects of life like Money?

in #blockchain7 years ago

Hello everyone here!

It has been a while since I have created any post but I hope you'll enjoy my write up. I was provoked when we had a discourse on what amounts to quality content. My definition of quality content is from which tag you're to use. I actually realized that much of my passion lies on cryptocurrencies and the blockchain. @jona12 defines it as writing about my passion. Now ladies and gentlemen I bring you my world in this post.

Three years ago I became obsessed with money, not actually having it but understanding it. Money is the most central thing in all our lives yet most of us know little about how it work, how to earn it. It seems to me that you can trace almost all problems in society to money or not having it. I am a tech entrepreneur. I and my co-partner in this business had a debate on this new technology.
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Image Credit

On this day, we're talking about money, not the regular fiat money but Internet money. He told to me that some engineers have discovered something called Bitcoin, and they said it will change the world drastically. He explained that the promise of Bitcoin and tech behind it called the blockchain was to allow us safely transfer digital money over the public internet directly between us without the need for an intermediary like banks.

You may not differ from my perception on companies like Paypal, Payee, Payza e.t.c and also to mention online banking platforms already let us send money online. My dear! You're wrong and please wake up. In all these transactions online, money doesn't really move directly between us on the internet, it actually sits in closed private networks owned by large corporations, banks and governments. Every time we send money, we are asking these gate keepers permission to move money around using their systems.

There used to be a strong and sufficient reason for this, since the value stored in money is differs from the value stored in information which we share publicly on internet. Information like text, files, videos among st others can exist in may places at the same time. When you send it to someone, you and the person get it. With value stored in money, it can exist only in one place at a time. When you give money to some you definitely transferred title to them and in Law it is said property has been transferred. When you're receiving value stored in money, its central to know that you're not receiving a copy.

No one has ever figured out how to secure an open network like the internet to guarantee that the money be not changed, copied or duplicated up until now. For someone like I grown in an internet era and watched internet change the world and influence society, this was a real deal. Back in the days you needed permission from newspaper publication company, a radio station TV channel to pass information to the general public. However, the internet came and changed all those things by allowing us share our ideas instantly and cheaply directly between us. I am now an author at steemit.com without newspaper, I advertise my company on Facebook on my page without pay.

This has ushered i the information revolution and completely changed our society. Kati (Now) anyone with a laptop or mobile device connecting him to the internet can literally topple (come down) the government. That was just sharing mere information but what would it mean for values stored in money.
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This new technology called blockchain is creating a new internet money that will allow us transact freely and directly between us without stress of having permission or paying gate keepers. The implication for society to have an open global network for the free exchange of money between people is massive and the opportunities there in are larger than internet . Imagine a world where salaries of workers are automatically settled, taxes are collected automatically and benefits and contributions are paid instant.
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[Image Credit] (https://www.mojix.com/private-blockchain/)
We can create a much smarter money supply, money that are custom made to meet our changing needs, money that catches up to complexity of our modern economy and reflects modern values. Blockchain technology should even go beyond money. There are many services other than money that are controlled centrally. Think about an educations system that doesn't direct your profession to influence your future. What will a news network look like without a media company?

Blockchain's decentralized control helps shift society from a pyramid like structure with a limited room at the top to a web with more access to opportunities and more consensus on what is valuable.

Economic freedom is deja vu to every individual's life need. You need to collect yourself back (Weyoleyole) and at least own some bitcoin or electroneum coin. By virtue of you being here on steemit, you're at forefront of a great wave of opportunity being created by Bitcoin. Going back to the internet and every other technology, early adopters and innovators are ridiculed. Governments ans media warn people to stay away from internet money.
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Very many people think these currencies are ponzi schemes. Fortunes are made by those who dare to be differrent. Early adopters lead the herd because they're the real leaders as well as trendsetters. They pave way for others to follow and usually make good returns on their money from getting in on the next big trend at the right time. What sets early adopters apart from the rest is perseverance.

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For future viewers: price of bitcoin at the moment of posting is 7646.00USD

Added to my follow list. Keep up the good work and what do you think of the current market?

This post has received a 0.56 % upvote from @booster thanks to: @mpalanyi.