It’s about the entire global economy and a shift in the way we interact with each other and the technology around us. In a supersonic leap to the future for mankind, we introduced the power of verified accurate information #blockchain.
By providing EVERY industry the ability to collect true and accurate data every time new information is recorded using mathematics and cryptography (like the stuff in your phone to make it secure) to verify the information is correct.
This type of system #validation requiring the entire system to agree on a single data point sounds time-consuming but thanks to mathematics it’s more like a weight scale. The formula inside the scale constantly balancing the mathematics to make sure the numbers line up so if it is off the scale shows the weight is off and the system (scale) denies the weight or block of data in this case.
The “crypto” part is old news. This is where cryptography is used to mask and protect the data from connecting the info to any single individual. In a worldwide economy, I believe anonymity is important but that’s a whole other discussion.
Lastly, this is what usually confuses people. How can it be anonymous and transparent? That doesn’t make sense.
Let’s say we have these keys, and these keys have the ability to unlock and verify your (sheet or “ledger”) of transactions in it. Now it is true that if you NEVER REVEAL your keys to anyone or tell anyone about anything you’ve ever bought in your entire life though this is highly unlikely you could live off the grid.
No one cares about your cereal or your hair products enough to record or remember product numbers or receipts but if you are REAL WEIRDO like the person who is doing some shady shit then this is pretty scary knowing that the system itself holds every transaction accountable to the user associated with that address forever. So if at any time you slip up your screwed. So this is not for money laundering and child slaves. SilkRoad got shut down this way. #pointandcase
Software security firm Eset uncovered that cybercriminals are using YouTube to distribute crypto-jacking modules
Also laundering money is a debatable subject because why is it being laundered in the first place? Is your own governing body robbing you? I don’t support businesses abusing society by evading the natural flow of wealth through contribution but the same rules apply the other direction. #balance
In short, the bad guys would FOREVER be looking over their own backs to not slip up once but those of us minding our own business won’t raise an eyebrow. Because of the transparency and privacy and cryptography you cant create fake blocks of information (no forging) so don’t worry big brother cant use this technology against us. At least not without us knowing and then that creates its own outcome.
IT’S EASY TO UNDERSTAND HOW TO FIX ALL THE PROBLEMS OF THE WORLD FASTER IF YOU UNDERSTAND TTHE POWER OF VERIFIED INFORMATION
Why? Not having to second guess the data and the facts because they are a globally agreed fact as far as every human is concerned. With that #data, we can create solutions together as a species. The laws that govern the entire known universe will be tested over and over by our one unified mind.
It’s so small and simple people forget how powerful the truth is. What we are able to accomplish when knowledge is not withheld from one another. We haven’t seen a jump like this in millennia if ever.
NO MATTER WHAT CAUSE OR INDUSTRY YOU BELIEVE IN THIS IS THE MOST IMPORTANT OF THEM ALL.