Is Blockchain the Change We'd Like to See in The World? by@lucienlecarme

Is Blockchain the Change We'd Like to See in The World?

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Lucien Lecarme HackerNoon profile picture

Lucien Lecarme

Crypto Blogger. Founder of Spirit of Crypto pub on medium, +100k readers in 3 years. Ex Team member of ThreeFold

In the beginning of 2021, 100 million people on the planet owned a crypto wallet. This number tripled roughly at the end of 2021. Models predict 1 billion crypto users at the end of 2022.

Now we’re talking.

Without underlying blockchain tech, there is no crypto. In fact, the value of any cryptocurrency coin expresses the success of its underlying blockchain. This success can be measured in:

  • Its network effect
  • Its security
  • Its ability to scale

The more people buying your crypto in a proof of stake model, the more people stake in your blockchain, the better it becomes.

The real trick with blockchain tech?

It shouldn’t be yours.

I believe in a decentralized design of the future of validation. A big part of crypto adoption is about outsourcing trust to technology so human failure can be avoided. And wanting real change in a world that is going to the shredder because of further hyper centralization packaged in a misleading name:

Globalization.

This is how blockchain tech and bitcoin can be the change you like to see.

How a trustles solution can cripple corruption

Millions on the planet trust Bitcoin more than their bank.

Not surprisingly when you consider banks ask you to pay rent to store your millions in their vaults.

This says a lot about the current value of our money. It’s below zero.

Are we witnessing the end of FIAT money?

It’s a monopoly gaming paper. It’s printed forever. It has no bottom. It serves only the makers. It is killing our planet. The centralized digital version might be used to control you completely. It’s a system coming to an end. It is an idea that had its time.

The only reason Bitcoin’s value has risen exponentially over 10 years, is that Bitcoin is a hedge against exactly everything that isn’t working any longer in the old monetary system

Start your own inner revolution with education, with learning the message of freedom Blockchain tech entails. When in the right hands. That of the people.

Learn how Blockchain tech can potentially set humanity free. How buying Bitcoin makes you part of a real movement. An innovative silent protest that might be the answer to centralized corruption, global high stake power abuse, and financial parasites sucking our economy dry while blaming you for everything.

Our money works fine — for now

In our privileged Western world, we don’t really need crypto as a way of payment. Our PayPal, Western Union, and bank transfers still work just fine.

This might change radically rather soon. The great economic reset is pending, and it might start with a boom, not gradually. An economic black swan event of the century will possibly make money obsolete over a weekend. And guess what?, we’re already preparing for it. The Russia-Ukraine war is leading towards the fall of the petro-dollar faster than you can keep up with MSM ‘news’.

The shadow of it all?

Blockchain tech and crypto with the same underlying tech but highly centralized will be used to cast a technocratic authoritarian dystopian nightmare on humanity. The result? Pending universal income. State-Run Crypto. It’s all in the making and in the open for the ones wanting to see.

The good news? Bitcoin, Blockchain and crypto are ready to become alternative ‘money’, still owned by you.

Bitcoin was made during the last 2008 financial crisis. Our current crisis is putting Bitcoin and crypto to the test. Suddenly, a real-world value looms at the not that distant horizon. A value beyond imagination

The movement of decentralization can embody the change you like to see with Blockchain tech playing a crucial role.

The invention of the Blockchain

You’ll need to know some basics first. You definitely need to know what Blockchain is.

The revolution of money started during the 2008 financial crisis. Satoshi Nakamoto invented a revolution; a digital ledger owned by nobody and everybody.

Blockchain technology is probably the biggest human Aha moment after the invention of the automobile, electricity and the Internet.

Compare the Blockchain with a network-based validation system of transactions on the internet. Think of the blocks in this network as interconnected magic books. When a transaction takes place between 2 parties, this is validated by the blocks on the network. The transaction is a piece of code, a hash, a sentence, that is written in all the magic books in the network at the same time.

One of the blocks eventually will win a prize every 10 minutes by solving a puzzle, and this block will become the new block on the main chain. The hash of the validated transaction, a series of numbers, is public and stays there forever. The two parties in the deal are anonymous.

Why is this such a big revolution?

Nakamoto solved the so-called double-spending problem. When I pay $100,- to John, I can’t spend the same $100,- again. Normally, a third party like a bank would validate this agreement.

Blockchain makes banks and other 3rd parties obsolete. Getting the picture?

The elimination of middlemen

The elimination of middlemen to validate our financial transactions lowers commissions of these money transactions to almost nothing. Worldwide commissions made by credit card companies, Western Union and the likes make up 3% of our world economy.

That amount solves world hunger X 20.

A great other element is that it is cross-border

Imagine African immigrants in Europe sending money to their families, and now they don’t have to go to an office and pay 10–15% commission to Western Union, and the money arrives within 10 minutes on the digital wallet of the family in Kenya, for example. This is a huge time and money saver and thus highly efficient.

Middlemen are found in all businesses that are not peer-to-peer. Meaning, from one person to the other in real life, based on trust. When we transact cash, we don’t need the middlemen. It is about digital deals.

Think wider now for a moment.

The Blockchain can also be used in deeds, contracts, medical records, governance models based on consensus and elections. In any exchange of value or contract between to or more parties, that can be made digital.

This magic accounting chain also deletes the single point of failure element. A complete organization can be impeccable, but one corrupt employee can potentially cause bankruptcy.

Remember Nick Leeson blowing up Barings bank?

That’s the single point of failure of the century, and a fraud non-transparent financial system made it possible. The Blockchain eliminates the human factor that until this point in history always came with corruption, fraud, and wanting to extract wealth without really producing something of value.

That’s our current financial system in a nutshell, extracting huge amounts to the pockets of a few while externalizing the harm done to others and the commons through heavy taxes and hyperinflation.

This will be over soon.

Real values will be the money of the future.

Bitcoin& Blockchain tech: A leadership-less revolution

Blockchain tech and Bitcoin is a technical innovation that is neutral in itself. It is the architecture of the money of tomorrow. A a completely new form of money not known to humanity up to this date.

It's a chameleon and mirror at the same time.

The fact that mythical Bitcoin ‘founder’ Nakamoto disappeared was his very own protocol. A very powerful statement. When a neutral network does not have a leader, not even a physical representation of the inventor, then it needs to use and adopt neutral elements from its very beginning, meaning reaching consensus and avoiding any centralization.

The leadership-less inception of Bitcoin has been a major part of its success and has proven to be a very strong foundation in its initial days, months and years, up till the present day.

It is almost impossible to move from being centralized to decentralized, from permissioned to permission-less.

The complete absence of the founder and the way the community has been safeguarding the values of Bitcoin is the hidden secret for its potential to become the biggest game-changer after the Internet revolution.

The Bitcoin network has over 10.000 nodes. It has been attacked countless times, and it survived. It can not be taken down anymore.

Bitcoin and the underlying revolution of Blockchain tech is an idea, a concept, and the world was ready to receive it. It has a secret that few understand. When it is 51% attacked or hard forked, it can start again, anonymous, in a dark corner of the internet.

The Near Future: 2022–2030

To what degree the above-mentioned inventions are a possible answer to the crisis in humanity and the challenges we face today?

Let’s keep it simple

Bitcoin, CryptoCurrencies and Blockchain technology is the technological trinity that carries the solutions for our systemic economic and even political problems of today.

As long as it stays true to the dream of its inventors: This future must be fully decentralized.

Most humans simply want to give their gift to this world, work together towards prosperity, solve starvation and hunger, and fix the huge financial inequality on this planet. We don't like to fight, kill, and grab everything for ourselves and then build a bunker to feel safe.

That’s not the core protocol humans are made out of.

Life is given to us, we love to give back.

Towards a Parallel World?

Many thought leaders are talking about a parallel society that is being created. When enough people exit the current system that is breaking apart and start to build decentralized communities, there is not much a bunch of centralized power-hungry technocrats can do.

Things are about to get real.

Will the technological trinity be able to support a bottom-up growth of decentralized grids? This is where the rubber will meet the road.

The movement of decentralization will coincide with a pending cultural renaissance as a result of collectively embracing and living from higher values. I see the co-creation of new borderless communities around small-scale systems that serve all, locally. Circular and regenerative are the buzzwords.

Bitcoin and Blockchain tech buys you part of that future freedom today.


Enter the Blockchain Writing Contest

In the beginning of 2021, 100 million people on the planet owned a crypto wallet. This number tripled roughly at the end of 2021. Models predict 1 billion crypto users at the end of 2022.

Now we’re talking.

Without underlying blockchain tech, there is no crypto. In fact, the value of any cryptocurrency coin expresses the success of its underlying blockchain. This success can be measured in:

  • Its network effect
  • Its security
  • Its ability to scale

The more people buying your crypto in a proof of stake model, the more people stake in your blockchain, the better it becomes.

The real trick with blockchain tech?

It shouldn’t be yours.

I believe in a decentralized design of the future of validation. A big part of crypto adoption is about outsourcing trust to technology so human failure can be avoided. And wanting real change in a world that is going to the shredder because of further hyper centralization packaged in a misleading name:

Globalization.

This is how blockchain tech and bitcoin can be the change you like to see.

How a trustles solution can cripple corruption

Millions on the planet trust Bitcoin more than their bank.

Not surprisingly when you consider banks ask you to pay rent to store your millions in their vaults.

This says a lot about the current value of our money. It’s below zero.

Are we witnessing the end of FIAT money?

It’s a monopoly gaming paper. It’s printed forever. It has no bottom. It serves only the makers. It is killing our planet. The centralized digital version might be used to control you completely. It’s a system coming to an end. It is an idea that had its time.

The only reason Bitcoin’s value has risen exponentially over 10 years, is that Bitcoin is a hedge against exactly everything that isn’t working any longer in the old monetary system

Start your own inner revolution with education, with learning the message of freedom Blockchain tech entails. When in the right hands. That of the people.

Learn how Blockchain tech can potentially set humanity free. How buying Bitcoin makes you part of a real movement. An innovative silent protest that might be the answer to centralized corruption, global high stake power abuse, and financial parasites sucking our economy dry while blaming you for everything.

Our money works fine — for now

In our privileged Western world, we don’t really need crypto as a way of payment. Our PayPal, Western Union, and bank transfers still work just fine.

This might change radically rather soon. The great economic reset is pending, and it might start with a boom, not gradually. An economic black swan event of the century will possibly make money obsolete over a weekend. And guess what?, we’re already preparing for it. The Russia-Ukraine war is leading towards the fall of the petro-dollar faster than you can keep up with MSM ‘news’.

The shadow of it all?

Blockchain tech and crypto with the same underlying tech but highly centralized will be used to cast a technocratic authoritarian dystopian nightmare on humanity. The result? Pending universal income. State-Run Crypto. It’s all in the making and in the open for the ones wanting to see.

The good news? Bitcoin, Blockchain and crypto are ready to become alternative ‘money’, still owned by you.

Bitcoin was made during the last 2008 financial crisis. Our current crisis is putting Bitcoin and crypto to the test. Suddenly, a real-world value looms at the not that distant horizon. A value beyond imagination

The movement of decentralization can embody the change you like to see with Blockchain tech playing a crucial role.

The invention of the Blockchain

You’ll need to know some basics first. You definitely need to know what Blockchain is.

The revolution of money started during the 2008 financial crisis. Satoshi Nakamoto invented a revolution; a digital ledger owned by nobody and everybody.

Blockchain technology is probably the biggest human Aha moment after the invention of the automobile, electricity and the Internet.

Compare the Blockchain with a network-based validation system of transactions on the internet. Think of the blocks in this network as interconnected magic books. When a transaction takes place between 2 parties, this is validated by the blocks on the network. The transaction is a piece of code, a hash, a sentence, that is written in all the magic books in the network at the same time.

One of the blocks eventually will win a prize every 10 minutes by solving a puzzle, and this block will become the new block on the main chain. The hash of the validated transaction, a series of numbers, is public and stays there forever. The two parties in the deal are anonymous.

Why is this such a big revolution?

Nakamoto solved the so-called double-spending problem. When I pay $100,- to John, I can’t spend the same $100,- again. Normally, a third party like a bank would validate this agreement.

Blockchain makes banks and other 3rd parties obsolete. Getting the picture?

The elimination of middlemen

The elimination of middlemen to validate our financial transactions lowers commissions of these money transactions to almost nothing. Worldwide commissions made by credit card companies, Western Union and the likes make up 3% of our world economy.

That amount solves world hunger X 20.

A great other element is that it is cross-border

Imagine African immigrants in Europe sending money to their families, and now they don’t have to go to an office and pay 10–15% commission to Western Union, and the money arrives within 10 minutes on the digital wallet of the family in Kenya, for example. This is a huge time and money saver and thus highly efficient.

Middlemen are found in all businesses that are not peer-to-peer. Meaning, from one person to the other in real life, based on trust. When we transact cash, we don’t need the middlemen. It is about digital deals.

Think wider now for a moment.

The Blockchain can also be used in deeds, contracts, medical records, governance models based on consensus and elections. In any exchange of value or contract between to or more parties, that can be made digital.

This magic accounting chain also deletes the single point of failure element. A complete organization can be impeccable, but one corrupt employee can potentially cause bankruptcy.

Remember Nick Leeson blowing up Barings bank?

That’s the single point of failure of the century, and a fraud non-transparent financial system made it possible. The Blockchain eliminates the human factor that until this point in history always came with corruption, fraud, and wanting to extract wealth without really producing something of value.

That’s our current financial system in a nutshell, extracting huge amounts to the pockets of a few while externalizing the harm done to others and the commons through heavy taxes and hyperinflation.

This will be over soon.

Real values will be the money of the future.

Bitcoin& Blockchain tech: A leadership-less revolution

Blockchain tech and Bitcoin is a technical innovation that is neutral in itself. It is the architecture of the money of tomorrow. A a completely new form of money not known to humanity up to this date.

It's a chameleon and mirror at the same time.

The fact that mythical Bitcoin ‘founder’ Nakamoto disappeared was his very own protocol. A very powerful statement. When a neutral network does not have a leader, not even a physical representation of the inventor, then it needs to use and adopt neutral elements from its very beginning, meaning reaching consensus and avoiding any centralization.

The leadership-less inception of Bitcoin has been a major part of its success and has proven to be a very strong foundation in its initial days, months and years, up till the present day.

It is almost impossible to move from being centralized to decentralized, from permissioned to permission-less.

The complete absence of the founder and the way the community has been safeguarding the values of Bitcoin is the hidden secret for its potential to become the biggest game-changer after the Internet revolution.

The Bitcoin network has over 10.000 nodes. It has been attacked countless times, and it survived. It can not be taken down anymore.

Bitcoin and the underlying revolution of Blockchain tech is an idea, a concept, and the world was ready to receive it. It has a secret that few understand. When it is 51% attacked or hard forked, it can start again, anonymous, in a dark corner of the internet.

The Near Future: 2022–2030

To what degree the above-mentioned inventions are a possible answer to the crisis in humanity and the challenges we face today?

Let’s keep it simple

Bitcoin, CryptoCurrencies and Blockchain technology is the technological trinity that carries the solutions for our systemic economic and even political problems of today.

As long as it stays true to the dream of its inventors: This future must be fully decentralized.

Most humans simply want to give their gift to this world, work together towards prosperity, solve starvation and hunger, and fix the huge financial inequality on this planet. We don't like to fight, kill, and grab everything for ourselves and then build a bunker to feel safe.

That’s not the core protocol humans are made out of.

Life is given to us, we love to give back.

Towards a Parallel World?

Many thought leaders are talking about a parallel society that is being created. When enough people exit the current system that is breaking apart and start to build decentralized communities, there is not much a bunch of centralized power-hungry technocrats can do.

Things are about to get real.

Will the technological trinity be able to support a bottom-up growth of decentralized grids? This is where the rubber will meet the road.

The movement of decentralization will coincide with a pending cultural renaissance as a result of collectively embracing and living from higher values. I see the co-creation of new borderless communities around small-scale systems that serve all, locally. Circular and regenerative are the buzzwords.

Bitcoin and Blockchain tech buys you part of that future freedom today.

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