RE: Who is beyond Satoshi? Daniel Larimer. What is beyond Bitcoin?

[tremendospercy]

It was inevitable that shysters and scam artist would be attracted to this market, people should always do their due diligence before investing in any ICO.
It's ironic how BTC and ETH are being considered 'old hat' already just as the world is starting to hear about them through the MSM but that is the nature of new technology, we've seen it before in other sectors.
Blockchain tech is still so new and while many of us here at Steemit are well versed the majority of the world still hasn't even heard of it and will more than likely opt for the less expensive alt coins when finally they invest. I'm not overly concerned with a huge overnight crash in BTC & ETH although I do have a phased exit strategy out of both in mind due to the scaling issues.
The biggest concern for me is the mass adoption of centralised blockchains run by governments, it may look and sound the same to the uneducated masses but we know it is not.
The best we can hope for it that happens if that we have achieved financial independence prior to it occurring because being forced into a government controlled blockchain currency would the next fiat scam that will be used to steal our wealth. Except this time there will be no physical currency available to escape the system with. Let's hope not eh!
Great post dude.

Comments

[benjojo]

I share all of your concerns regarding the adoption of blockchains. My hope is that as more information is set free on platforms like steem, we can help educate each other concerning the differences and finer nuances of good and bad governance. Nothing is more important because blockchain tech can either set us free or completely enslave us. There is no middle ground. Thanks very much for the comment. It's really good to know that my concerns are shared :). Cheers bud.

[chadrickm]

@tremendospercy

The biggest concern for me is the mass adoption of centralised blockchains run by governments, it may look and sound the same to the uneducated masses but we know it is not.

I just did a recent post concerning a lot of what you are talking about. Here is an excerpt. I'd love to continue the conversation.

I'm not a prophet, nor the son of a prophet. I’m probably a bit more paranoid than some. I do see the signs of a possible fiat hyperinflation situation happening with the USD. Whether that is planned by the Banksters with their scapegoat target being crypto, or some kind of Real Value vs Faux Printed “Value” Economic Cold War 2.0, I don't know. Even if neither of those scenarios happen what would a strategy be for massive onboarding into a safe community of crypto in a very chaotic world look like? Imagine the potential of millions of people waking up, they start looking for help, and guess what - help is there. Not in the form of some power hungry oppressive government, but people who have it together. People who have the answers, or at least some answers. Imagine if you will, a community prepared for the worst with answers to such things as access to the internet and funds on the internet, as well access to a jobs market that pays in a digital currency that is not inflating like their current fiat is or is inflating at a specific known rate. Maybe a local level of self-governance like I wrote about above that is paid from a Dash style budget pool. I don’t know the details, but do you start to see the picture?

https://steemit.com/personal-blog/@chadrickm/history-doesn-t-repeat-itself-but-it-does-rhyme-mark-twain