Very true, but I think that blockchains will only work for the good of society if we the people make them work. As this article on Scientific American demonstrates, if the blockchains we end up using as a society end up being owned by the same private entities we have today, then we are more fucked than before. Imagine if Facebook ends up still being popular, but it runs on a private blockchain. That means that now our data would be completely indestructable, but under their control. The blockchain by itself won't do the trick, I think. Its the Blockchain + Us that does it. Even today with cryptocurrencies, we see some blockchain based cryptos becoming centralised, some would argue bitcoin is in danger of such. So I think the nanny days are over, when society sits back and expects the 'authorities' to do whats best for us. It won't suck itself. We have to come together as humanity and employ these new techs for common good, me thinks. The good thing is, FINALLY we have the technologies that enable this to happen, but we still have to keep an eye out.
You are viewing a single comment's thread from:
Very true - Vinay Gupta thinks we'll reach a middle ground in the short term, where blockchains take on more authority, without entirely disrupting 'trusted' intermediaries. Eventually, we should push harder to completely eliminate those intermediaries.
thanks for sharing topic
this happening is happening all around the world and you can ,nt do anything about it but the question is we all used to this
Hello beautiful people i am new here your support will be highly appreciated. So please follow me if you want to know more about Steemit News,art and entertainment and gaming :)
Do we want the future in our hands or the few 1%
I don't see this happening since we are being empowered so much and the competition on the market will allow nobody to be able to abuse the position. Since it's being called out faster now when everyone have internet access.
Fully agree with you m8. I dont think it's a matter of if it falls into the wrong hand's, it's just a matter of when. It wont be long. Ive given myself 2 years. Get in, make some cash and get the hell out. Blockchain is just the foundation of the bigger picture. Fully digital currency. if you notice how contact less an apple /android pay are slowly becoming the norm.