Cardano empowers individuals

Cardano has the potential to empower individuals, but to counterbalance this, it can weaken the position of institutions, banks, and states. Technology can assist in a new redistribution of power and give people greater freedom. But this can only happen under certain conditions, and success will depend on the people themselves. Not on technology.

The contract between us and the authorities

The social contract is a social model that usually concerns the legitimacy of the authority of the state over the individual. Social contract arguments typically posit that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to the authority in exchange for protection of their remaining rights or maintenance of the social order. The social contract can be perceived as a kind of agreement between the ruled and their rulers, defining the rights and duties of each.

The theory says that people live together in society in accordance with an agreement that establishes moral and political rules of behavior. It is generally believed that if people live according to a social contract then they can live morally and rationally by their own choices respecting the rights of others. The necessary prerequisite is that the social contract is accepted by the majority. The majority will…