why-blockchain
Let's explore a bit more about blockchain
It's an ingenuity
It's technology, yes. But as Michael Saylor loves to point out..it's about binding economic energy to our person. Currently we live in a rather warped time. We've been conditioned to not really believe that banks are technology. It's the bank, they keep your money safe and let you pay your bills with ease. Just the way it is. But crypto, oh man! That's that new techy, flashy silly money! Get the picture? Technology is present in everything we do: eating, drinking, sleeping, playing, learning. All of it. Bitcoin is technology but it's profoundly PERSONAL in it's impact. Mankind has never had the ability to store economic energy properly Saylor argues. Keep it in cash in the bank? Well that's a double whammy. Not only is the cash not yours when it's in a bank account, it belongs to the bank, but your money is losing it's purchasing power every day it's not parked in an asset that holds value. That's not a stretch, that's a fact. Until Bitcoin, we had zero satisfactory options. Cash under a mattress was the standard for the uneducated, money in stocks and mutual funds for the more knowledgeble, and a few other various schemes to hang on to wealth that are still fraught with stress and anxiety.
What Bitcoin Does
As I mentioned in the Welcome thread, Bitcoin is a 'network'. That network is busy moving economic energy from one person to another, but also busy seeing to it that the amount of Bitcoin you've acquired stays recorded...with continuous updates to that balance every few minutes for everyone to see. Basically, the whole planet of Bitcoin miners works so that you can rely on the fact that your money can't be 'shut off' by a government, a debt collector, a bank, or a wacky ex with a court order. The Bitcoin is bound to you with a key that you can memorize for the utmost security, or use an array of devices to 'lock' it down. It's literally the first time in history that a thief, natural disaster, overlord, or anything else you can think of cannot get their hands on your money. That's technology we should be very, very excited about.
Don't despise the day of small beginnings
Bitcoin has been disregarded and downplayed BECAUSE it is such a game changer for the planet. The trope is that "well you can't buy coffee with it" so it's not really money is it? It's true that small purchases isn't really Bitcoin's purview, although El Salvador broke the mold and fostered Bitcoin payments accessibility everywhere throughout the economy. It's primarily "digital gold". That's where 'the other guys' come in and have their niches. Ethereum, where the BASE chain and DecentralFreight will exist, is really great for providing avenues into Defi, or decentralized finance. Dash is great for sending some funds to from your BASE wallet to pay for everyday things with crypto instead of sending it down from the cryptoverse to your bank. That's the exciting reality of Ecosystems that are constantly building and layering on each other to make an ever increasingly useful place to transact and conduct your affairs out of the reach of the world's predators.
Key Takeaways
- Point 1: Technology DOES improve our quality of life
- Point 2: Bitcoin brings hope to break free of the hegemony of the few over the many
- Point 3: Exploration of possibilities via crypto is responsible and fun!
Ready to revolutionize freight? Stay tuned for updates! 🚛