In this article I will try to reflect on the cryptocurrencies and the power of the distributed Ledger as a technology so powerful that it has the potential both to make us completely free and to enslave us like never before in history. The distributed ledger is the underlying technology in Bitcoin and other cryptocurrencies. Currently, there are two technologies, the blockchain and Hashgraph, and hopefully there will be more in the future.
The main peculiarity of these technologies is that they record things permanently. You can record all the movements and transactions you make with your cryptocurrencies, but they also have the potential to permanently register where you are going, what you do, what web pages you visit and even each of the emails you have sent. Distributed accounting technologies promoted by the government can be used to limit the freedom of the individual; For example, if the government has antipathy towards a certain individual, it can completely annul it as a person, "freeze it", and place it totally outside the financial system.
On the other hand, the open source accounting books that exist in cryptocurrencies such as bitcoin, dash, ethereum and all these new inventions that are currently emerging, are at a very sweet time for this ecosystem; It is the free market that will freely decide which of these technologies will rise as the winner. The one that offers the best service, the best price and the best product will be the one that finally wins the approval of the general public and a massive adoption by the population, which will undoubtedly be very positive.
But the truth is that the free market has stumbled slightly. Recently, there have been a lot of internal struggles in the space of cryptocurrencies that have slowed down their development, and the problem is that the government and the financial sector arrive very late to this "party of the blockchain and the distributed ledger" and right now They are awakening from their lethargy and trying to figure out how to get a slice of the pie.
If, for example, a crypto dollar (or Fedcoin) were to be created, this could be a device with which the government could determine what you can and can not buy, where you can go and where you can not go as well as what you can do and what you can not do, so that they end up having total control over your life.
But the truth is that individuals and the free market are much faster than large institutions such as banks and governments. An individual can change his mind in a moment, and instead, "dinosaurs" like banks, governments and other institutions are really slow to move and take action. Therefore, we, the free individuals, have been moving very fast in this direction, and we have to take advantage of it to overcome them before their systems are carried out, because once they take possession, it will be permanent and devastating for the freedom of all.
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