Why Blockchain technology could eventually be important

Fred Wilson had an interesting post the other day about “Marketing the Blockchain”. In it he linked to a free ebook, “Blockchain in the mainstream”.

The post, the related comment thread, and of course the ebook itself are all worth digging into a bit…after doing that myself, here are a few of my random thoughts/opinions on the topic:

1. Distributed networks allow for freedom of speech
 - maybe better put freedom of knowledge & freedom of power
 - cuts into the idea of “He who has the gold, makes the rules”

2. It allows for a global currency that is not tied to a government or corporation
 - should allow for stabilization and reliability over time (regardless of regional political events or opinions)
 - theoretically removes most tax/tariff opportunities (except when converting in or out of Bitcoin)
 - money is not held/used by anyone in the middle (so can not be lost or devalued by them [ can also not be invested or grown by them ])

3. Public privacy
 - ownership verified in public
 - at the same time no one party, government, or corporation has any inisght into what you actually own/have
 - The fact that you own/control something like a digital PO Box is verified by the network (rather than a government, company, or any other 3rd party), but what’s actually in it that box (actual data) is only known and controlled by you (or those you grant access to).

4. A truly inclusive, free, and democratic ‘global economy/society’ will need a technology like this to power it’s policies and transactions (anything less, and the global economy is really just one or two countries setting and enforcing the terms <– which isn’t nec. a bad thing; it’s how it’s always been so far)

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This is the personal blog of Kevin Marshall (a.k.a Falicon) where he often digs into side projects he's working on for digdownlabs.com and other random thoughts he's got on his mind.

Kevin also talks in more depth about many of the these things around twice a month via his drip campaign and has a day job as CTO of Veritonic. You can also check out some of his open source code on GitHub or connect with him on Twitter @falicon or via email at kevin at falicon.com.

If you have comments, thoughts, or want to respond to something you see here I would encourage you to respond via a post on your own blog (and then let me know about the link via one of the routes mentioned above).