Most of you reading this will already know about the benefits of blockchains decentralized applications. So, we're not going to re-hash that here. The purposes of this post are to ask the question, can trustless systems overcome the inefficiencies and inequality of traditional systems and become the mainstay.
The main buzz today is all about decentralization. And it is clearly disrupting many industries with more changes on the horizon. Essentially there is a move to give the power back to the people. Something bantered about in the late 1950s and 1960s here in the USA. But what happened?
Well, for the most part, many of those who were calling for change eventually became part of the establishment they were against and corporate and government centralization continued to grow. How did this happen? Well, jobs and family responsibilities often change points of view and money too is a big draw. Will we go back to the status quo this time?
Perhaps not. You see, the blockchain is building sustainable decentralized systems that are not dependent upon a centralized corporation or even government. Once in place, these applications can potentially run for extended periods of time and if set up correctly, without external abuse. Now governments and big corporations are not going away, but for the first time are going to have healthy competition.
What does this mean for you and me? Well, for one thing, we need to jump on board the blockchain train. We need to participate in projects where solid use cases are addressed and improve current traditional systems. And, most importantly, we need to educate others. This is where applications Steemit and Trybe.one are providing solid platforms.
There may never be a winner per se between blockchain and capitalism, but rest assured the value of the blockchain will have a lasting effect in business and government.
The reward of this comment goes 100 % to the author guysellars. This is done by setting the beneficiaries of this comment to 100 %.
Capitalism and decentralization go hand to hand, we sadly don't actually have capitalism today just economic fascism. The banking cartel inflates your currency making it less valuable, the federal government puts down unsound and unneeded regulations, etc... I could go on and on but the point is inequality is not going to be fixed by decentralization.
Thank you @emmanuelboahen. There is a battle between conservative and liberal practices in business and in government. And, at least in the USA, we the people are getting the short end of the stick.
The reward of this comment goes 100 % to the author guysellars. This is done by setting the beneficiaries of this comment to 100 %.
Congratulations @guysellars! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPI completely agree with you, the blockchain’s value for people is very great! The modern government has many problems, and one of them is the hiding of country governance mechanisms and the lack of a transparent reporting system. Here the blockchain technology can help us, but “influential people of the world” try to ignore it by any means, because with its use they will be deprived of many "privileges", one of which is theft, since any person will be able to track expenditures from the state budget. The lack of theft will be the basis of a healthy economy iki, and effective distribution of funds will open the way to improving people's well-being.
Well said @fallensky. Thank you for your insight. The blockchain supports accountability. Perhaps we should be wary of those, even governments, who do not support transparency.
The reward of this comment goes 100 % to the author guysellars. This is done by setting the beneficiaries of this comment to 100 %.
I think both can integrate well with each other to produce a favourable result for participants. With that being said I think a lot of blockchain will disrupt the establishment who seem to have no interest in adapting and losing their power.
Winner is blockchain fraud