release:2018-02-02 16:23:29 publisher:ARTS coin_Global art digital asset trading platform-artschain.com
This is an article about the social impact of cryptographic money, the rise of encryption technology, at a dizzying speed, a slightly changed trend of the world, so we can not help but try to look back on the past. Find some answers to current questions from history. This article is published on Hackernoon by William Belk.
Two main trends in cyberspace
1、Blockchain as a technology-the nuclear arms race for the next generation of the best blockchain is now in the ascendant.
Bitcoin is a technology that is good overall and is also community-and consumer-centric, so there is a positive momentum. Bitcoin and its behind-the-board blockchain technology will help promote greater cooperation and transparency among different markets around the world.
2. As a subversive technology, the cryptographic currency, which has suddenly emerged, subverts and undermines the existing global financial and national order in an unstoppable fashion.
As a disruptive force, cryptographic money is beginning to become a new but ancient narrative of the digital age-for example. Unregulated "chaos" and transparent order. This is a contest between the two sides. The struggle is going on and on. The opposing side is based on community autonomy, privacy and anonymous representation, the other side. It is transparent, subject to the mouthpiece of the solemn order.
In the United States, this kind of struggle and contest has already opened since 19th century, and has been staged in turn in the stage of history:
State power vs federal power
Individual rights vs government powers
Global cooperation and financial hegemony vs national and individual autonomy-as we have seen, such as the United Nations and the European Union.
In other countries on the world stage, this struggle and contest is more acute and important.
So far, the global financial turmoil has been plagued by a host of factors, such as real estate, trade, shipping imports and exports, and transparency in the international banking system. $1 million weighs just 22 pounds, or about 0.01,282 cubic meters, in other words 0.45 cubic feet. Gold is heavier. It's denser. Cars are heavier, but they're much lower. Art is fragile, but it's too big to be underestimated. Real estate is immobile. Poor liquidity. Sending international telegrams at $50,000 is not easy. Obviously, The scope of the greater value of the traditional system is greatly restricted.
Chaos vs order
In the big game of encryption, the global community is a player around the board-if the global exchange value can now be spun off from the currencies and assets issued by countries with their forcible endorsement. At the same time, it would be a revolution for self-selecting and technologically savvy communities to define the terms and methods of ideal financial transactions. These communities are developing the most satisfying cryptocurrency features. And how to create and exchange monetary funds and achieve the process of anonymity to make their own voice.
For the first time in history, we have seen financial liberalisation that may not be in the interest of sub-countries, governments and global partners. In the next decade, this contest will be staged again. We may be able to enjoy the excitement of the times.
Looking ahead, the government seems to control only one key factor-access to the Internet-in North Korea, Saudi Arabia and some other countries. Control of this key factor may seem easy. But in countries such as Britain, the United States and Australia, the Internet has become a basic personal right, sacrosanct.
Regulation vs comes from chaotic Innovation
Regulations are everywhere. At the North American Bitcoin conference in Miami, a panel on regulation was asked, on a global scale, When it comes to the real need to "follow" when it comes to mobile encrypted money. Metaphors speak for themselves-action at the national level is generally slow, Far behind development. One lawyer on the panel simply said, "well, there are a few countries where financial fraud is punished by the death penalty." the audience seemed to be choked by the neck. But they should. On other issues related to compliance penalties, the panel seems to agree that the $500 million fine is It's not fair.
One of the most compelling plays of the next decade will be to witness innovations in the encrypted currency community with a view to achieving greater autonomy and anonymity at the same time. Centralized industries and national authorities struggle to impose control and regulation on decentralized systems. Bitcoin's blockchain is just a test, a step towards the future. Whether it's Bitcoin. Ethereum, also Dashen Monero and Zcash. These are living cases of research and experience-- they are building up and imparting all the knowledge they need to the communities of the future in order to create better passwords in the future.
Move with the money
Two things are clear. First, the main blockchain narrative is about distributed innovation; Second, the main cryptographic currency narrative is about money-who owns it, where it goes, who knows it, and how efficient it is to change.
The dilemma of cryptographic money also raises many fundamental problems:
Who has the right to know about our private production and speculation?
Should we have the right to organize and choose our own financial trading system?
In the age of global financial anonymity, what will happen to the tax collection of the first administrative region?
Why should citizens be encouraged to be transparent about finance and productivity when governments have proved to be sliding into the abyss of over-regulation, inefficiency, stagnant innovation and corruption?
If governments want to monopolize the use of force to ensure the enforcement of laws-which is often shown at the economic level-what happens if they are deprived of their economic power?
These are just some interesting questions that have forced us to think after the emergence of cryptographic money. Encryption has more than imaginable social and political implications. Its subversive technology brings about subversive imagination. It is accompanied by the impact of various aspects of life.
In the future, we need to keep a close eye on the future of the currency. The battle for chaos and order will force us to deconstruct the social and governmental meaning of this new digital planet.
Source: New Finance