UPDATED (3/6/19): All references to BCH have been updated to BSV
There was a lot of hype around Bitcoin in 2017, and even more with blockchain in enterprise circles in 2018/19. However, Distributed Ledger Technology (DLT for short) has huge implications for many of our world’s financial and supply-chain systems.
Essentially, anything where a more transparent, irreversible ledger (that is near-impossible to hack), will disrupt that industry and shift habits much like smartphones have in our daily lives.
The reason I’ve become obsessed with this space is not just because of its technological ramifications, but what I feel is its “higher purpose” (from a people perspective).
What I see blockchain (especially Bitcoin SV) doing is helping to adjust the “plumbing system” of our current world to the shift that we’ve been experiencing for the past couple decades (some call this the move into the “Age of Aquarius”, which began around 2012).
“Aquarius in the sky is depicted by a man holding an urn. The urn contains knowledge and it’s pouring onto the Earth. Aquarius is an intellectual sign. It’s motivated to learn, teach and acquire knowledge. But unlike its predecessor, Pisces, this knowledge must be evidence-based and thoroughly tested to confirm its veracity not accepted on blind belief or supposition. Aquarius is a truth seeker who demands conclusive evidence. It’s a progressive, scientific, humanitarian sign whose chief interest is the human condition — both mental and physical. It’s interested in science, politics, religion and invention and tends to view things from the standpoint of society at large. Aquarius supplements the soul’s search for self-knowledge by providing astrological data. Driven by humanitarian impulses its altruism is the highest form of intelligence. Its worst quality is argumentation and political and other squabbling is frequently seen on the world stage.” [Source]
The above sounds very much like the mantra held by the Bitcoin community in the early days: “don’t trust, verify.” Interestingly enough, I discovered that Ronald Reagan used to say, “trust but verify.”
As such, we see more and more political and religious-like behaviour emerging from many groups across the world — from a resurgence in popularism to libertarianism.
No matter what happens, I’ll be tackling this space from the humanitarian angle — how can people harmonise with this emerging technology. How can communities adjust to new belief systems that include not just their towns or nation-states, but the entire world? How can businesses help society get ready for what’s to come?
Watch this space.