Tag: blockchain
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We’ve seen this before When a revolutionary technology comes around, it’s easy to get caught up in the hype without really understanding what the fundamental disruption really is. I saw this happen in the dotcom boom when anyone with a website claiming to be a company got showered with money from investors. The investors and…
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This is part 1 of a 5 part series adapted in blog format from my senior research paper titled “Blockchain and the Libertarian Uprising“. Why do we trust a currency backed by a government that is fourteen trillion dollars in debt? Ever since 1971, when Nixon announced that US dollars could no longer be redeemed…
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This is part 4 of a 5 part series adapted in blog format from my senior research paper titled “Blockchain and the Libertarian Uprising“. THE LIBERTARIAN PROTOCOL One of the first promising non-cryptocurrency applications of blockchain is the smart contract. A contract is generally a written agreement between two parties (e.x. A tenant agrees to…
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THE AUTHORITARIAN RAZOR Libertarians hail the potential for blockchain to radically transform society according to their vision (Source). However, the open source nature of blockchain makes it equally accessible for governments and corporations to use it for tightening their authoritarian grip. The blockchain is a general purpose technology like TCP/IP (internet protocol), the general processing…