The more I learn about blockchain, the more excited I get about the future.
If you watch the news at all these days, it's doom and gloom. However, underneath the surface of mainstream media, there's a movement brewing. This movement will one day transform the way we do business, the way we work, the way we study, and the way we govern ourselves. It's not a coincidence that the world seems to be chaotic at the moment. The oligarchs who currently hold undue power over economies and nations are getting nervous about a future they do not understand. This future belong to us, the people.
Imagine a day when digital nations arise - virtual organizations that anyone can join, as long as they are willing to follow the mutually agreed upon rules. Imagine that organizations like these can be joined by any person, regardless of gender, age, nationality, or any other socioeconomic status. All the sudden, a young girl in Africa or South America has the same rights and opportunities as a billionaire in the United States.
Things that today seem far-fetched will soon be possible. For example, I believe we WILL see the rise of Universal Basic Income. And it will be powered by blockchain. The question is - will UBI come from governments as we know them now, or will new entities arise to fulfill the responsibilities once given to formal governments?
One day traditional governments may be rendered irrelevant. Just like "republicanism" was embraced in the late 1700s in the United States in response to European monarchy, decentralized governance via blockchain may well replace what we know of today as "government."
Great piece, To say government may be irrelevant is an extreme view in my opinion. Actually, by using this blockchain technology I believe there would be more governments in a community-like environment and each platform will offer their own governance model, and it would be interoperable. essentially, one of blockchains main objective is not to eliminate governments completely, but to redefine the meaning of "big brother".
Thanks for reading! I appreciate your clarification. I agree, I don't believe governments will go away, I just think that we'll see more decentralized (community-like as you mentioned) governance as opposed to the governments that have ruled the 19th and 20th centuries.