Daniel Larimer, who is working on a tool called Bitshares to apply blockchain technology to banking, insurance and company shareholding, believes that this new breed of technologies will ultimately render government entirely obsolete.
“If you think about it, what is the reason for government? It’s a way of reaching global consensus over the theory of right and wrong, global consensus over who’s guilty and who’s innocent, over who owns what.
“They’re going to be losing legitimacy as more open, transparent systems are able to provide that function without having to rely on force. That’s my mission in life.”
– From the excellent article published in The Telegraph yesterday, The Coming Digital Anarchy
Many of you may have already read this article considering it generated quite a bit of buzz yesterday when it was published. For those who haven’t, I highly recommend it.
While those of us who have been interested in Bitcoin for years may not learn anything “new,” it’s a great piece to send to friends and family members who have yet to make the plunge.
For those who haven’t been a fan of Bitcoin due to natural skepticism, confusion or any other ailment, this article presents in an easy to understand manner the inherently revolutionary characteristics embedded within Blockchain technology.
We have a chance to truly decentralize power for the first time in human history. We must not let this amazing opportunity slip away.
Here are some of my favorite excerpts. From the Telegraph:
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