Megaphone
After yet another global financial meltdown in
the year 2008, Bitcoin was launched shortly
afterwards with great fanfare by crypto-anar-
chists and libertarians who wanted to relinqu-
ish the control over the monetary supply from
the central banking systems.
Satoshi Nakamoto and other crypto-anarchi-
sts understood the potential for Blockchain
beyond basic financial transactions. But it wa-
sn’t until Ethereum launched in 2015 that a
Turing-complete solution became a reality.
The
distributed,
decentralized, public and
open design of blockchains
are inherently anti-authoritarian;
espousing protopian dreams of a
free and decentralized society. But
we’ve been here before with the cy-
ber-utopian idealists of the early
internet and world wide
web.
Just as the internet of today is now dominated
by centralized monopolies such as Google, Fa-
cebook and Amazon; Blockchain technology
could just as likely result in a future crypto-
-authoritarian dystopia. But of all future po-
ssibility threads, I think the core design and
economic drivers of blockchains will converge
toward a positive, decentralized future for all
of humanity.