Heath LEDGER Technology
Remember Heath Ledger’s The Joker character? Well, villains may be portrayed in a negative light in movies. But many of us can identify and sympathize with villains. This is because there usually is a turning point in the villain’s life that made him or her such. They were not villains before. They just became such as a result of an event.
Take for example Joaquin Phoenix’s The Joker. The character, Arthur Fleck, was just an innocent guy who was bullied by society. According to Wikipedia: “Isolated, bullied and disregarded by society, Fleck begins a slow descent into madness.” Usually, people who are traumatized or victimized assume roles that defines their identity for the rest of their lives. In the case of The Joker
Bitcoin and other cryptocurrencies are just the product of the “bullying” of the established financial system. Our article is themed “Heath Ledger Technology” because blockchain and cryptocurrency are just a type of ledger that is recorded and filed by different computers around the word. These computers are called “nodes.” And we include Heath Ledger, because The Joker character, especially that character portrayed by Joaquin Phoenix shares a similar fate as that of the blockchain.
So essentially The Joker is a role assumed by Arthur to show to the world the rotten system of society that bullies the majority of people. It’s like a rebellion against the established status quo. At the end of the movie, Arthur saw that the people resonated with his message. And the people, too, voiced their discontent with the oppressive system they were in.
Blockchain, also known as decentralized ledger technology (DLT) is no different. Blockchain gets rid of the centralized institution of money. Instead of storing the ledger in a single computer owned by a corporation (centralized), the ledger is stored in countless computers around the world. It’s like returning the power and control back to the people.
It’s been said that necessity is the mother of invention or innovation. Well, The Joker, formerly Arthur Fleck, had to reinvent himself as a defense mechanism to deal with the challenges he had to face in society. The bullying necessitated him to assume the role.
As individuals, people usually reinvent their identities and install a coping mechanism. This is especially true after an unpleasant event in their lives. And this playing with new roles is especially true when the unpleasant events happened during the developmental years.
As a collective society, we also install coping mechanisms. We perceived that there are limitations in the centralized system. Therefore, we invent something new. We cannot just sit there and suffer from learned helplessness, a psychological concept. It’s like the victim mentality. No, as a society, we don’t just give up that easily.
Take it to another level of awareness, the executives of those financial institutions responsible for the financial meltdown in 2008 were also victims of their own greed and selfishness. It’s a system that we are dealing with here. And systems has many strings attached to them from all angles, so to speak.
Therefore, as society as a whole evolves, new innovations will be put in place. People are still people. We still have that need to interact with one another, especially in exchanging goods and values. In Ancient times, before they invented money, they had the barter system. What will you give me in return for the chicken that I give to you? Will you give me a skin bottle of milk for 3 chickens? This is a type of interactions we used to have.
After money was invented, we now can travel with minted coins. We did not have to bring with us a herd of cows just to purchase something in another distant land. The minted coin was an innovation that made life more convenient. Nowadays we have the printed notes, be it the dollar or Euro.
Flash forward, we now have digital money. Circa 2011, we have cryptocurrency, a type of money that doesn’t need the interference of a central bank. We can now again interact with one another at a peer-to-peer level, without the help of a third party that can charge us ridiculous amounts of service fees and conversion rates.
We are taking power back into our hands.
This content is brought to you by NEAR Protocol, the future of blockchain and crypto.