History replays itself every new invention or enlightment humans have. Over the past centuries many have been persecuted for studying chemistry, astronomy, physics and even biology. Think of Galileo who was persecuted for advaing the theory that the Earth was round.
Crypto embodies a new paradigm whereby rules can be programmed and enforced by computers. Instead of relying on centralized human authorities to measure, control and enforce, the rule of "law" is coded into the protocol. No one can cheat. The only way to change the "law" is for every player to agree to change the protocol. Through concensus.
For example Bitcoin with its fixed supply of 21M coins which prevents dillution and debasement. No human can change that unless, there is a concensus to change the protocol. You see humans still have control, but only if we all agree.
We are living a unique human experiment with Crypto. I really wish people would stop bashing the industry and instead join in the experiment.
Remember that evolution and innovation is innevitable. The financial system currently controlled by humans will get disrupted by technology. Crypto turns finance onto its head. Fascinating.
Crypto embodies a new paradigm whereby rules can be programmed and enforced by computers. Instead of relying on centralized human authorities to measure, control and enforce, the rule of "law" is coded into the protocol. No one can cheat. The only way to change the "law" is for every player to agree to change the protocol. Through concensus.
For example Bitcoin with its fixed supply of 21M coins which prevents dillution and debasement. No human can change that unless, there is a concensus to change the protocol. You see humans still have control, but only if we all agree.
We are living a unique human experiment with Crypto. I really wish people would stop bashing the industry and instead join in the experiment.
Remember that evolution and innovation is innevitable. The financial system currently controlled by humans will get disrupted by technology. Crypto turns finance onto its head. Fascinating.