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Deep within heart of hearts, even politicians believe Decentralized blockchain based applications may become superior to centralized applications. Otherwise, markets rather than laws would decapitate digital asset value.
Anti-crypto lawmakers believe bans and strict regulations prevent shit products from reaching consumers. However, protecting the consumer argument easily fails to deliver a guilty verdict in a court of justice as shitty products would never create trillions of dollars in value and last more than 13 years in the first place.
The reality is that Dapps threaten central power clusters similar to how the renewable energy push have crushed oil and gas companies. The difference between oil workers and politicians is that the former lost jobs in a justifiable democratic fashion, while politicians use rule of a law as a tool for holding power and influence.
Mass Dapp adoption would decrease revenues for middlemen like banks, credit card companies and stock exchanges. Normally, these middlemen and rent seekers lobby politicians to create laws to benefit their own book. In return for political favors, middlemen back book promoting politicians with cash.
“For example, if consumers send money peer to peer via Dapps instead of banks, politicians supporting banks will stop receiving donations. Slimmer middleman profit margins therefore mean decreasing political donations, which in turn limits political power and influence.”
Similar to how the evolution of internet and open source software provided individuals with a voice and ability to execute new ideas without going through big gatekeepers for capital to fund ideas, advances in cryptography and computer hardware expands power and economic pie for individuals at the cost of limiting power and pie for decision makers.
“The bitcoin blockchain network is worth over 500 billion dollars and has never failed or been hacked since inception in 2009 proving that blockchain with a foundation in solid compute code is more secure and reliable than any centralized server based network ever been in history.”
The final step for decentralized blockchain applications to outcompete their centralized brother is scaling blockchain networks without sacrificing security to increase both transaction speed and public trust. Achieving rapid adoption means decentralized application must generate a truly superior user experience.
Despite blockchain bans and regulations across China, EU and US, decentralized application adoption is likely to explode average smart phone users understand its power.
Deep within heart of hearts, even politicians believe Decentralized blockchain based applications may become superior to centralized applications. Otherwise, markets rather than laws would decapitate digital asset value.
Anti-crypto lawmakers believe bans and strict regulations prevent shit products from reaching consumers. However, protecting the consumer argument easily fails to deliver a guilty verdict in a court of justice as shitty products would never create trillions of dollars in value and last more than 13 years in the first place.
The reality is that Dapps threaten central power clusters similar to how the renewable energy push have crushed oil and gas companies. The difference between oil workers and politicians is that the former lost jobs in a justifiable democratic fashion, while politicians use rule of a law as a tool for holding power and influence.
Mass Dapp adoption would decrease revenues for middlemen like banks, credit card companies and stock exchanges. Normally, these middlemen and rent seekers lobby politicians to create laws to benefit their own book. In return for political favors, middlemen back book promoting politicians with cash.
“For example, if consumers send money peer to peer via Dapps instead of banks, politicians supporting banks will stop receiving donations. Slimmer middleman profit margins therefore mean decreasing political donations, which in turn limits political power and influence.”
Similar to how the evolution of internet and open source software provided individuals with a voice and ability to execute new ideas without going through big gatekeepers for capital to fund ideas, advances in cryptography and computer hardware expands power and economic pie for individuals at the cost of limiting power and pie for decision makers.
“The bitcoin blockchain network is worth over 500 billion dollars and has never failed or been hacked since inception in 2009 proving that blockchain with a foundation in solid compute code is more secure and reliable than any centralized server based network ever been in history.”
The final step for decentralized blockchain applications to outcompete their centralized brother is scaling blockchain networks without sacrificing security to increase both transaction speed and public trust. Achieving rapid adoption means decentralized application must generate a truly superior user experience.
Despite blockchain bans and regulations across China, EU and US, decentralized application adoption is likely to explode average smart phone users understand its power.
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