The U.S. Dollar, Bitcoin, and Blockchain

Source: The Economist

While many see Bitcoin as a fab, blip, or an annoying phase in finance. The “brains” are researching into the technology to see the true potential of BlockChain. Many are researching a way to for “seamless transactions”(no currency fluctuation and credit card fees) that BlockChain may allow. Many are having very healthy debates about the future of the technology. Banks and Credit Card companies see the benefits of having a secure but open ledger system but it is still too complicated for management or the public. I truly see the future of having a truly global currency without national governments interfering.

 

One application of Bitcoin which The Hamilton Institute agrees with the experts. Using Bitcoin, to stop the chaos that happens with crashing currencies and national disaster areas like earthquakes or civil wars. The blockchain tech can be used to dissolve and counter the Snowden effect for tech companies, governments, and civil society groups. We are becoming more aware and sophisticated where the guild lines of the past no longer apply. The Snowden effect has caused a lot of damage and trouble for American Tech Companies. This could be used to move to privacy debate to Anonymity which will match where we are in this technological period.

Check out these articles:

http://www.economist.com/news/special-report/21650295-or-it-next-big-thing

http://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine

https://bitcoin.org/en/

Founding Purpose: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.”

The mechanism for achieving this goal is Capitalism and Democracy.

4 thoughts on “The U.S. Dollar, Bitcoin, and Blockchain

  1. A very happy (although belated;) birthday to the precious Criostoir! What a beautiful post filled with so much love. Please give him a hug from me and Ella in New Enaonad!xojlgn

  2. Howdy just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Firefox. I’m not sure if this is a format issue or something to do with web browser coptamibility but I figured I’d post to let you know. The design look great though! Hope you get the issue fixed soon. Thanks

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