In every 30, 40 or 50 years, the status quo must be challenged, modified, transformed, in order to avoid the accumulation of power, centralization, totalitarianism, and corruption. Corruption is inherent in power systems, and there is no more tyrannical
power than power over money.
Only one billion people worldwide have access to banking services, 4 billion have eventual access, and 2 billion have no access for various reasons such as economic constraints, legal problems, or geographic isolation. However, children born today may no longer
have a bank account when they are adults.
They will have an application on their mobile devices that will function as their own bank and will be transported in autonomous vehicles. When cryptocurrencies are used massively, 4 billion people isolated from banking and international trade will have access
to these services. They will also have the opportunity to protect their money from governments and banks. They will acquire the power to control their future.
The disruptive architecture of blockchain technology, in general, and bitcoin, in particular, provides us with a new way of organizing the world, in exactly the same way that the Internet radically transformed communications. Bitcoin will do the same with money
and finance. While the Internet has democratized information, blockchain will democratize assets, money. Let us take into account that, for centuries, the States has had a monopoly on the issuance of money.
Now, you can’t talk about bitcoin and altcoins, if you don’t know what blockchain is in advance. This technology is one of the four underlying cryptocurrency technologies. It has countless applications, all of them related to the paradigm shift that has
governed societies for millennia.
That is, blockchain proposes replacing hierarchical, authoritarian, and centralized institutions with horizontal, consensual, and decentralized institutions or protocols. In this article, we will talk about the…