A trading platform that could very well be a Sci Fi movie
Congratulations for opening this blog, you are a rare individual today that will blend in tomorrow's world just fine. In the past two years I have heated my home in the dead of Winnipeg winter (-40 is not unusual) with ASIC miners.
Being close to the beginning stages of Internet and leading a startup platform in the hay day of a global communication era watching it unfold, I have once again opened my eyes on another technology phenomenon that is motioning financial technology, recorded history, and a new age of encryption at a dynamic pace.
When I started mining Bitcoin, it was like a shift into a new time stream where all the challenges globally just seemed to not matter anymore. The possibilities were exponential and overwhelming just like the beginning of the World Wide Web. Only this time the disruption patterns and possibilities seemed limitless. And nearing three years later I feel I am living in the Matrix once again.
Sharing ideas of self banking, creating your own steady revenue stream of your own money that you print, becoming your own central bank just does not bode well with the average person even if they are close and personal friends. The content factor of dealing with trusted banks, lawyers, corporations, insurance companies and everyday trusted sources that date back to forever even when one feels they are pinned against a wall with no excape leaves no room for silly talk of self banking, earning currency while heating a home, and creative legacy planning free of lawyers or third party intervention. Seriously sounds like a bad sci fi movie that is going to end badly. Truth of the matter is all of it exists now and being creative one can plan off grid living easier than ever before.
Lets look at the timeline of events that could easily be a trailer to a SciFi movie.
A genesis block is created by an unknown source less than eight years ago that is no more than computer code running attonomously. Hidden in basements, living rooms, warehouses and any space where some power can be had are individuals that house computers, loud arrays of systems and wires that solve mathematical problems and ledger the results into blocks. These blocks are encrypted verified transaction history that are chained together and untamperable.
This block chain ledger system is controlled by not one single cenralized source but maintained by many having the technology to do so and the governing eyes as well as corporations see the threat of this unstoppable disruptive trade entity. Unable to control it a young 19 year old reverse engeneers and develops upon a new robust technology based on the original seed seven years later. Thus Ethereum deemed the Decentralized World Machine breathes its first breath and opens life to applications to run attonomously free from intervention.
The global elite corporations take hold and raise this birthchild high and place it under the Azure umbrella for more to feed off of. The banking elite take hold and create the R3 consortium of banks and move forward with the newborn embracing it, feeding it as not to lose foothold of the beast that lurks beneath feeding upon the failures of societies financial elite.
Within a year one more offspring emerge, a piece of code developed upon the Ethereum World Machine, decentralized and without leadership deemed DAO (decentralized automated organization). Within one month on its own raises over $100 million dollars setting global records only to encounter an attack of one third of its overall value. With only 27 days to react Ethereum mining teams globally vote to Hard Fork the Ethereum block chain and time travel the network back to the original day of the hack releasing the funds back to the DAO shareholders and motioning the revolution forward. The scenario is written, documented and encrypted redundantly for the world to see.
Mean while a story telling machine is on the dawn of magic beginnings as the populations share their written words, photos, video of their inner feelings as this magic story telling machine rewards them in magnificent ways and effects the onlookers trading mechanism by 2,000 percent in a week.
I'm always game for a good Sci Fi...