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Author Topic: [2014-06-09] Telegraph: The coming digital anarchy  (Read 1643 times)
davidgdg
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June 10, 2014, 12:30:20 PM
 #21

"But how far will disruptive effects reach? Are we rapidly approaching a singularity where, thanks to Bitcoin-like tools, centralised power of any kind will seem as archaic as the feudal system?"

I loved the article.
To say "centralised power of any kind will seem archaic" is a bit of a stretch. The NFL (for example) is an example of acceptable central power. When you own/buy a team you agree to obey the rules of the league and the commissioner has power to enforce the rules.

That's not power. It is consensus. The two are fundamentally different.

"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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June 10, 2014, 07:10:52 PM
 #22

Very nice article with lots of eye-opening infos.

It's amazing to know and realize that Bitcoin and its developments will eventually lead to something even bigger and better than the centrally controlled/monitored internet.
Ron~Popeil
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June 10, 2014, 10:27:43 PM
 #23

Very nice article with lots of eye-opening infos.

It's amazing to know and realize that Bitcoin and its developments will eventually lead to something even bigger and better than the centrally controlled/monitored internet.

It is much bigger than currency for sure. It will fundamentally transform the way we do a lot of things.

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June 21, 2014, 09:06:16 PM
 #24

As a child watching Star Trek, i did not understand how the monetary system used  made ​​sense. Until the Bitcoin appear.
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