Cryptocurrency and Blockchain ?

[canada_dry]

Guys is anyone involved in any ways in this ? Im a miner and from recently trader as well, wandering how much is this community aware of these things ?

Yeah, blockchain tech like bitcoin has the potential to do a lot of good things in addition to weakening the monopoly that government has on money.

Taken from https://www.aier.org/research/blockchain...ic-freedom :

"Lack of central intermediaries – Bitcoin has already provided a tantalizing view of the future for those who favor dismantling the government monopoly on issuing currency. Blockchain technology allows such a private currency to arise without a government or a private central entity to issue notes and establish trust. In fact, blockchain transactions are often called “trustless,” meaning that two parties don’t have to trust each other or a central authority to conduct a transaction. This term is something of a misnomer, however, because trust naturally emerges from the system, bottom-up rather than top-down. Users of a platform could also agree in advance to use a mediation body to settle more complex contractual disputes."

Opportunity – Many people in developing nations currently have no access to banking services, due to lack of supply or lack of verifiable identity. Blockchain provides a cheap, easy way to accomplish both from the ground up, with no redistribution of wealth. Putting these people, along with their work and ideas, on the financial map at little cost would only be positive for the global economy.

Property rights – As discussed above, blockchain can enable the safe digital storage and transfer of titles of ownership of virtually any asset. The permanence of record-keeping provides a kind of guarantee that may be completely novel in some parts of the world. In places that are particularly susceptible to government seizure of assets, a blockchain-based record keeping system leaves the possibility that wrongs can be righted. Imagine a dictator launches a successful coup in a small country, burning the physical records of land ownership and forcing people off their land and redistributing it to his cronies. If that regime falls, sorting out who owns what could lead to chaos or even war. But if those records had been kept in a blockchain, it would be far easier to go back and return assets to their rightful owners, who would hold their encrypted identities.