Blockchain In A Utopian Future
By Cryptowedge on Altcoin Academy
We have many inspirational thoughts into how the future can be a utopian paradise, but nothing brings us closer to this end goal than the autonomy of cryptocurrencies and blockchain technologies.
In this article, I will be briefly looking at the impact that blockchain technology can have upon society once mass adoption occurs.
Some argue that the issue in today's society is that capitalism has gone too far through the boundaries of profit and money manipulation, that the system just ‘isn’t fair’ anymore. Having problems such as inflation, quantitative easing, and planned economic crises’. This means that the ones who control the centralized system systematically always come out on top. With the balance of control and wealth distributed unevenly.
From the other perspective, a utopian society that runs through the means of no value of exchange would be in another opinion, failed. Throughout the course of history and human success, there has been an ever-changing but consistent element of wealth exchange and distribution.
To move forward into the 21st century. One of the greatest technological advancements has been the dawn of the internet. “a massive network of networks, a networking infrastructure. It connects millions of computers together globally, forming a network in which any computer can communicate with any other computer as long as they are both connected to the Internet.”
The internet has now become part of human civilization and only just a generation in the future will know nothing but the internet. The internet cannot be stopped, as the entire globe runs on the internet.
To look into a utopian society which could work successfully the use of decentralized ledger and blockchain technology would work perfectly, here is why; To use a decentralized system of capitalist ideologies merged with socialistic values governed by mathematical algorithms provides equal anonymity and a balance of wealth distribution, much greater than traditional methods. No fees, No governance, No inflation and No need to fabricate more. Productivity and efficiency for participants are improved with the blockchain. The vital flaws in human nature are eliminated in a blockchain future.
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Author: Jamal Hasan
jamal@cryptowedge.com
