Your comment on its potential to divide humanity is intriguing Piotr, indeed the power of remittance is disruptive. Plus the potential to crowdfunding things. as much as I love crypto, I can't help but think of the negatives myself. Imagine a dystopian future where the governments all issue digital identities on the blockchain centralised by government agencies and your bank account, social status to your credit score is tied to your digital identity and only the government issued currencies are accepted. We all have barcodes of our active keys and it's a black mirror nightmare.
Ultimately I just fear of the government and oligarch moves. But till then no matter what stake they have, Cryptocurrencies and Blockchain Technology offer a level of liberty in ownership and the creative projects being nurtured is fascinating. But proceed with caution.. Pandora's box!
@crypto.hype Interesting point you bring up. I believe that @crypto.piotr is asking the wrong question however. The question is not whether blockchain and cryptocurrencies in and of itself will divide humanity. The question in my mind is whether we will have decentralized economic models vs the centralized ones we do today or some sort of hybrid. It's like saying will money divide the world or will AI technology divide the world. The question is more of who controls the resources, the wealth and the power? And today the answer is that only a few groups (Ex - In USA, Silicon Valley, Wall Street, Corporate America & Washington DC call the shots).
Technology can be good or bad. The question is are we going to centralize or decentralize it's availability and are we going to give more power back to the people? This is interesting because Mark Zuckerburg's Senate Testimony Hearing proved that FaceBook and other social media companies are creating large monopolies and have too much control over 2 Billion users' data. They violate our data privacy and sell it to the highest bidder. When you have a system and a business model that creates incentives like that, Facebook at the end of the day makes its money from ad revenues. It's going to play dirty with our data. This is why we need to change our economic system and change the fundamental incentives.
Regulation is a major threat @crypto.hype, I hope in the long-term, the majority of nations choose not to regulate and leave crypto/blockchain space decentralized cause then there can be a lot of benefit to the masses and the unbanked can finally be banked.
Thank you to both of you @crypto.hype and @daddyku
I love your replies. And I love the fact that you dont necessary agree with me :)
I made my first contest ever. Would you mind checking it out and sharing your feedback? And perhaps also commenting as Im interested what is your view on discussed issue:
https://steemit.com/blockchain/@crypto.piotr/mini-contest-how-ai-supported-by-growing-blockchain-technology-can-change-the-world
I would really appreciate if you could share some of your experience with me :)
Cheers, Piotr
Hi again @daddyku
I would love to stay in touch with you a little bit closer as I value your knowledge and your input. And we could support each other on Steemit.
I wish there would be more advanced notification system developed by steemit.
Plus you're very responsive which is absolutely great and steemit community surely will benefit by having you here.
Perhaps you could send me short email to [email protected]
No pressure of course,
Cheers, Piotr
@crypto.piotr Thank you for the kind words! You pose a lot of valuable feedback and post alot of good questions and posts :)
I would love to stay in touch, Email is not the fastest to reach me however, the best will be to chat with me via Steemit.chat @daddyku if you wouldn't mind! Cheers :)
Hi Farris,
I noticed that most people disagree with me and they think that this technology will unite people instead of dividing. I just dont see it happening. Majority of population will never have an access to benefits coming from this technlogy or understanding that would allow them to be part of this market.
Many will be excluded. If one doesnt understand what does it mean then I would recommend to visit some 3rd world countries as I did several times in the past. World is full of those who were left behind.
Some of your darkest dreams can actually happend one day.