If you have been following banking, investing, or cryptocurrency over the last ten years, you may be familiar with “blockchain,” the record-keeping technology behind bitcoin. And there’s a good chance that it only makes so much sense. In trying to learn more about blockchain, you’ve probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger.” The good news is, blockchain is actually easier to understand than that definition sounds.Luke Fortney
This is the future financial backbone. Will make Internet payments a breeze instead of trusting a 3dparty. Yes we need a restructuring of society to cope with bad behavior. Maybe need to go towards a value oriented society instead of a profit based. Do you choose a thriving community producing more value in your local area or a higher salary? This can blockchain solve, reward people for good deeds and positive contribution. This will be super efficient with blockchain with the scaling solutions that is in the making. It is transparent so bad deed and unwanted behavior can be public to motivate to do good not bad. This system need to be antonym and autonomous. For this we can use a combination of AI and blockchain. Yes you may think that we need terrifying surveillance, that is true. The point is that governments is not needed or is super local and have almost no power with good AI and blockchain combination to provide all or most financial and social transactions. Anarchism is fitting with AI and blockchain, it will mean power to the common man in the street that looses in the current system. Truly free markets will make more trading betwin persons. You provide value in a truly free market you can live off being a good person and create value. AI will take over most labor, so we need different system anyway, so why not give the power to the people. This is why blockchain is the biggest invention since the Internet. This has never been tried before so many failures will happen and it will take time. The code need to be built, but you can join the revolution and be ahead of the curve and hedge against the cyclic debt fuled crashes that always happens in fiat financial markets. If you truly want to own assets you should be grateful emergence of blockchain and cryptocurrency.