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I recently watched Steve Hoberman's ["The Blockchain Billionaire"|https://youtu.be/HzxX9raADzg https://youtu.be/HzxX9raADzg] video. It succinctly explains the w

I recently watched Steve Hoberman's ["The Blockchain Billionaire"|https://youtu.be/HzxX9raADzg https://youtu.be/HzxX9raADzg] video. It succinctly explains the what, why and how of the blockchain technology. Watch it; it will change your perspective and understanding.

k__ 10y ago
This isn't a fundamental change in economy, it's like all the other changes we had. I mean, back in the days we had the Church and the Nobility which had all the wealth. Now we have what? The Stars and the Businesses? Sure, all in all more "normal" people got a bigger piece of the pie, but it's still a bad system. Also, many old wealthy families still own their money, look at the nobility of countries like UK. Millions of pounds in the hands of people who did basically nothing for it. Now what will blockchains change? People who got the know how and money to make it work their way will be the winners and this means basically a big bunch of people who are the winners right now. Yeah, way to stick it to the man! Those pesky bankers now get it... But we only swap them out for some companies who put in the know how and money to control the whole thing. The problem isn't that bankers are bad or monarchs or businesses, the problem is that concentrated power is bad and today this means concentrated wealth.
- 27182818284 10y ago
  >Now what will blockchains change? Blockchain applications can differ from Bitcoin. I think you are aiming your comment more at Bitcoin--or rather not even that but decentralized currencies in general. In that case, a possible change hoped for by many is the removal of central places of trust that can fail. For example, Satoshi Nakamoto used the text, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" for the Genesis Block—it was because of a concern for placing trust in something central like the banks.
  - k__ 10y ago
    How do other decentralized currencies differ from bitcoin?
snewk 10y ago
is the full video available anywhere?

k__ 10y ago

This isn't a fundamental change in economy, it's like all the other changes we had. I mean, back in the days we had the Church and the Nobility which had all the wealth. Now we have what? The Stars and the Businesses? Sure, all in all more "normal" people got a bigger piece of the pie, but it's still a bad system. Also, many old wealthy families still own their money, look at the nobility of countries like UK. Millions of pounds in the hands of people who did basically nothing for it. Now what will blockchains change? People who got the know how and money to make it work their way will be the winners and this means basically a big bunch of people who are the winners right now. Yeah, way to stick it to the man! Those pesky bankers now get it... But we only swap them out for some companies who put in the know how and money to control the whole thing. The problem isn't that bankers are bad or monarchs or businesses, the problem is that concentrated power is bad and today this means concentrated wealth.

27182818284 10y ago
>Now what will blockchains change? Blockchain applications can differ from Bitcoin. I think you are aiming your comment more at Bitcoin--or rather not even that but decentralized currencies in general. In that case, a possible change hoped for by many is the removal of central places of trust that can fail. For example, Satoshi Nakamoto used the text, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" for the Genesis Block—it was because of a concern for placing trust in something central like the banks.
- k__ 10y ago
  How do other decentralized currencies differ from bitcoin?

snewk 10y ago

is the full video available anywhere?