Tuesday, June 6, 2017

The Next Thing To Upend EVERYTHING: Blockchain Technology

Image Source.

(Dawn Luger) When it comes to blockchain technology, the core technology underpinning bitcoin, the digital currency that operates on a decentralized swarm of computers, there are many other applications as well. A real revolution may be unfolding all thanks to the technology which underpins bitcoin.



Related Where Does Money Come From? - The Fraud of Bank Credit | Do you own a home? A car? Do you have a credit card or a student loan?

Source - The Daily Sheeple

by Dawn Luger, June 5th, 2017

Blockchain technology emerged with the advent of Bitcoin in 2009. It was created when a programmer, using the pseudonym Satoshi Nakamoto, came up with a novel solution using a network of computers to track transactions in a way that is secure, trustworthy, fast, and transparent. The technology is used in either public networks, open to the world or private ones that could connect any type of groups. But it may also be the catalyst of a peaceful revolution which will upend society’s most sacred institutions – including government.
Blockchain technology is a powerful decentralizing force, and as such it will transform our society at every level. By placing control and ownership back into the hands of individuals, blockchain will change the way our society works. –Futurism



In addition to securely protecting information, advocates say blockchain’s radical charm is that it cuts out the middleman and reduces costs. There is no need for a “trusted” third party to broker deals and all transactions can be audited. What’s really revolutionary about blockchain is that it decentralizes ownership and control of assets, and by doing this it remodels fundamental structures in our society.


Our global economy is based on the power and trust we place (because we have no alternative) in intermediaries like banks, governments, utilities, and large Internet companies like Facebook and Google. This means that some of the most powerful and wealthy positions in our society are held by corporations that are intermediaries. They themselves add no value to transactions beyond whatever trust they extract from participants, yet they make their money from the transactions and slow them down in the process.

Humans now have the potential to disrupt these very systems which oppress them using blockchain. Overbearing governments have yet to determine how to regulate bitcoin and blockchain technology making it the perfect catalyst to peacefully implode the government at most levels. In response to a growing regulatory environment, a group of coders and activists (including Cody Wilson, inventor of the world’s first functioning 3D printed gun) have created what they’re calling “Dark Wallet.” “If the program works as promised,” Wired reports, “it could neuter impending bitcoin regulations that seek to tie individuals’ identities to bitcoin ownership.” Unfortunately, as of right now, humans are still opting to have others oversee their lives and the lives of others by insisting on government. But that could change with the advancement of blockchain and it’s continued success.
“You can see why governments see this technology as a double-edged sword,” says James Corbett of the Corbett Report. “Wielded for their purposes, it presents a perfect platform for their Big Brother-esque ambition to oversee, manage, track, store and database all interactions between everyone, everywhere, instantaneously and at next-to-no cost. But wielded for free humanity’s purposes, it makes almost every conceivable function of the government as obsolete and nonsensical as horseshoe makers and chimney sweeps are to modern society.”
But of course, the world-wide implications don’t stop there. Making government as the middleman obsolete would only be the start. New companies and technologists are finding vast new uses for it eliminating other middlemen. Some musicians and artists see services based on blockchain technology as a godsend. New companies like PeerTracks, Mycelia, Ujo Music and Stem all use blockchain technology, working to simplify licensing and liberate musicians from intermediaries (like talent agents, record labels, and streaming services) all eager to take a cut of revenue.




And the impact this could have is already making on the world isn’t small. It has been called “mind-blowingly big because it affects every aspect of the global economy,” said Michael J. Casey, a senior adviser to MIT Media Lab’s Digital Currency Initiative and co-author of an upcoming book on the implication of blockchain ideas, The Truth Machine: Blockchain and the Future of Everything. “We have the potential – I’m still going to use a qualifier like that – to get to trillions and trillions of dollars in savings and disruption and refocused activity,” Casey said.

With a seemingly inevitable economic crash looming and a potential for WW3 building, blockchain technology has become a bright spot for humanity’s future. A peaceful revolution freeing all humans thanks to technology could become a real headline in the not so distant future.
_________________________
Stillness in the Storm Editor's note: Did you find a spelling error or grammar mistake? Do you think this article needs a correction or update? Or do you just have some feedback? Send us an email at sitsshow@gmail.com with the error, headline and urlThank you for reading.
_______
Source:
________________________________________________________________
Question -- What is the goal of this website? Why do we share different sources of information that sometimes conflicts or might even be considered disinformation? 
Answer -- The primary goal of Stillness in the Storm is to help all people become better truth-seekers in a real-time boots-on-the-ground fashion. This is for the purpose of learning to think critically, discovering the truth from within—not just believing things blindly because it came from an "authority" or credible source. Instead of telling you what the truth is, we share information from many sources so that you can discern it for yourself. We focus on teaching you the tools to become your own authority on the truth, gaining self-mastery, sovereignty, and freedom in the process. We want each of you to become your own leaders and masters of personal discernment, and as such, all information should be vetted, analyzed and discerned at a personal level. We also encourage you to discuss your thoughts in the comments section of this site to engage in a group discernment process. 

"It is the mark of an educated mind to be able to entertain a thought without accepting it." – Aristotle

The opinions expressed in this article do not necessarily reflect the views of Stillness in the Storm, the authors who contribute to it, or those who follow it. 

View and Share our Images
Curious about Stillness in the Storm? 
See our About this blog - Contact Us page.

If it was not for the gallant support of readers, we could not devote so much energy into continuing this blog. We greatly appreciate any support you provide!

We hope you benefit from this not-for-profit site 

It takes hours of work every day to maintain, write, edit, research, illustrate and publish this blog. We have been greatly empowered by our search for the truth, and the work of other researchers. We hope our efforts 
to give back, with this website, helps others in gaining 
knowledge, liberation and empowerment.

"There are only two mistakes one can make along the road to truth; 
not going all the way, and not starting." — Buddha

If you find our work of value, consider making a Contribution.
This website is supported by readers like you. 

[Click on Image below to Contribute]

Support Stillness in the Storm