Blockchain is the democratization of that which previously could not be democratized.

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


*“Democracy is the worst form of government, except for all the others.”* Blockchain is the democratization of that which could not be democratized prior to its invention. Naturally, there can be good and bad along with that, as most everything in life, but it – democratization – is most often better than the previous form of government, particularly in longer time-frames.

Blockchain is also something like the separation of money and state. Just as church and state were “married” in many nations and kingdoms (some still are, too, of course; not places you would want to live necessarily) – bringing imprisonment, torture, and death to those who didn’t follow – money and state is much the same now. The matrimony between money and state is coming to an end, a divorce of sorts is inevitable, due in no small part to Distributed Ledger Technology (DLT) and the human spirit’s capacity and desire for more equitable and fair governance and treatment.

There will be a revolution of society and mind when a greater understanding and acceptance of what blockchain is capable of – largely in the domain of liberty. “You mean I don’t *have* to pray like this and like that and at this time and on that day? Oh, good (!)… I was just faking it, anyway.” Which brings to mind the quote by a gentleman by the name of George Washington, *”Liberty, when it begins to take root, is a plant of rapid growth.”*

If DeFi is related to farming, food, and crops – then DAO platforms are related to land ownership, mineral, and water rights – not with a monarchic bent, *but a democratic one* – making what was once available to only a select few, available to many.

[Here’s a related article on the subject people may find valuable.](https://medium.com/daostack/an-explanation-of-daostack-in-fairly-simple-terms-1956e26b374?source=collection_home—4——1———————–)

In my opinion, DAOs are an excellent vehicle for education on the possibilities blockchain and DLT make possible and even probable.

>Historically, when there has been a need to coordinate large groups of people and point them toward collective action, humans have relied on systems of top-down hierarchy, as in corporations, governments, and militaries. It’s fairly easy to point the ship when you have only one captain, or a small team of navigators.

>One major problem with top-down hierarchies is that they contain concentrated points of failure, since individuals are subject to bias and have limited bandwidth. The interests of the powerful few are often misaligned with those of the less powerful many, leaving the decision-makers frequently incentivized to act against the common good. Hierarchies also create information bottlenecks: leaders, even if they are benevolent, can’t always keep up with all the needs of their much more numerous community members.

In a world where information is now moving faster than ever — and in deluges of epic proportions — the wisdom of one person may not be enough for success.

As such…

>An exciting alternative has arisen in the form of a movement toward decentralization, in which networks of peers self-organize to act collectively without such concentrated power centers. DAOs are a part of this movement.

>In a DAO, a network of peers encodes its protocols for decision-making into secure, decentralized software (in our case, smart contracts on the Ethereum blockchain). This software becomes the arbiter that tallies votes and carries out the will of the people.

>It’s a popular concept because it promises to “eliminate the middleman” — and the boss, for that matter — as well as to circumvent centralized funding mechanisms like venture capital in favor of crowdfunding.

View Reddit by pale_blue_dots – View Source

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close