Monopoly vs Competitive Centralization.

I think a lot of people don't understand the distinction that Bitcoin brings to distributive decision making. Mathematicians hypothesize behavior models for network administrators, social scientists, and other useful arts, but they tend to work within the limitations of the parameters set forth by their theories. This isn't the fault of the scientists, it's just how science works. We always have to be wary of overstepping our optics and avoid overgeneralizing our hypotheses. This is where philosophy steps in. Bitcoin is disrupting not just our institutions based upon discrete resources, but also our faith based financial institutions.

I'm talking about the very nature of the philosophies designed by economists. Many of our financial institutions are not based on sound mathematical principles, but instead on idealistic philosophies with very little science backing them up. Because they offer little in the way of predictive modeling, they depend on authoritative regulation and administration in a similar manner as any large religious institution.

Bitcoin is a new set of optics for financial behaviors with its transparent ledger and open ended architecture. It will open up new opportunities for scientists and mathematicians to observe and hypothesize new predictive tools for the betterment of societies. One of these new tools will be large network hubs that collect large amounts of data. Without alarming conspiracy theorists, this data can be used in blind studies without any need for identifying specific subjects of study. In fact, they can be used to create the tools to provide individuals with maximum privacy yet high levels of personal financial security. An even greater opportunity for Bitcoin is how even these large hubs are also subject to an open universe of competitive models and tools. This competition will breed the best financial science models that scientists can devise rather than depend on philosophical models that only work through authority.