Antonopoulos On London Real: Collectivists Vs The Decentralized Individual And Crypto’s Future

Whether we care to consider it or not, every transaction is logged. From the transport we take, the coffee we buy at a nearby cafe, to the various, necessities or spurious purchases online.

And while the more innocent, trusting or downright naive of us choose to shrug it all off as being in the hands of an un-opinionated, neutral third party, you may want to reconsider that position, and realize that the entities we deal with on a daily basis have a far longer reach, have an opinion, and like all too much the notion of having your data all to themselves, while proving to be both self-interested and often incompetent with it.

If there were ever lessons that taught us this, they came in triplicate. The first being the unfathomable reach that a globalized economy has with what we refer to now as the 2008 recession, causing knock-on effects on the stock market, banks and housing market, and an impact on the population that is still not fully comprehended.

These same major companies, financial institutions and monopolies in a number of ways have also shown a great appetite for data, as we've seen from cases like Cambridge Analytica last year – demonstrating the use of behavioral analytics in tracking your behaviour to better understand what you'll buy, and just how much it tells companies about you as a person.

Lastly,  while there are those that applaud the removal of controversial right-wing individuals on social media, such as Facebook and Twitter, you wouldn't be so positive if you dig just centimeters below the surface to understand what that means. These same companies that claim to be neutral – AREN'T.

It's with these three lessons fresh in our minds that Andreas Antonopoulos‘ statement provides us with an all too chilling look into an Orwellian, Sinclair Lewis-style dystopian reality:

“Politicians are trying to gradually reduce democracy until they can eradicate it completely… If the people in power choose to, they can decide to De-Bank you… Make you non-people.”

The very notion of a ‘non-person,' as someone who has read Hannah Arendt, was enough to concern me. And the reality is that we're closer to that than we choose to believe. Already, we have seen [dubiously] controversial people like Jordan Peterson, Sargon of Akkad, among others removed from payment sites like Paypal and Patreon, in the ‘interest' of removing ‘alt-right' elements.

Countries like the ‘Peoples Republic' of China have since gone even further with the creation of what is known as a ‘digital dictatorship' with its high-resolution, facial recognising cameras.

This is where Bitcoin & Blockchain come in

We brought up Jordan Peterson not too long ago, but the name is relevant when considering the fact that he is working to create a decentralized version of Patreon. And this is how blockchain technology comes into it.

In the world of nation-states, there are collectivists and individualists – and Blockchain, with the accompanying, world-renowned Bitcoin, is most definitely the latter.

Antonopoulos‘ discussion on the origin of Blockchain and Bitcoin represents one of the oldest ideas in civilization – Sound Money. And, as a result, are operating like sugar in the gas tank of our world's mixed economies.

“True peer to peer digital currencies that do not belong or are not controlled by any state, any corporation.”

“Your move government – you can't remove crypto from your country.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide