Fascinating stuff. Upvoted and resteemed. I absolutely agree with you about the potential for blockchain based technologies, including initiatives like Blockstack and so forth, to tackle the inequities we have in both the distribution of wealth and equal, open access to information. I also totally agree that ideologies which offer great promise, such as communism, are prone to corruption. Perhaps that is indicative of our broader human nature, but it is most certainly indicative of the nature of the Kleptocrats ruling us currently.

For this reason, I think we are in a time of great danger. While blockchain technology provides the potential for truly decentralised networks; and libertarianism, voluntarism and communitarianism (in its various forms) offer the potential for a better, decentralised, stateless society, both the technology, and the these hopeful ideologies can be and, I believe, will be corrupted.

We have already seen China’s impact upon various cryptocurrencies, with their value seemingly inextricably linked to the fate of the Chinese exchanges. Currently china appears to be more favourable to the exchanges but that, I suggest, is because they are racing towards the roll out of a CryptoYuan. They are already talking about regulated blockchain technology. Which, of course, is the antithesis of blockchain technology.

Similarly we have heard talk of the FedCoin, a regulated, allegedly blockchain based cryptocurrency as the U.S faces up to the reality that the petrodollars days are numbered. Again we see the use of the term blockchain as an oxymoron.

This is where I fear the technology will take us in the next few years. Far from providing a gateway to decentralised crypto-anarchism it will be used to rid the planet of cash and ensure the total control of everything. This won’t represent truly decentralised blockchain based networks but the banks and the corporations don’t want them to exist and care little about the widespread misuse of the term. If they can’t destroy them with investor power, corralling the exchanges, they will do it with legislation and regulation.

Many here may hope, as I do, that it won’t matter because blockchain technology offers the potential for us to sidestep the regulated, central bank controlled, quasi cryptocurrencies that will be offered to and then forced upon the global population. Why should we care? We don’t need to use their crypto’s.

Sadly you only need a minimal grasp of history to understand that the widespread adoption of decentralised, genuine blockchain based technologies, will not be allowed to flourish. The corporate oligarchy that rules this planet will criminalise their use. It is inevitable I feel.

Yes, this technology can offer us all great hope for the future but, just as they corrupted Soviet communism, the banking cabal that owns everything (all money is a debt owed to them) will not allow that to happen.

We cannot expect blockchain decentralision to be the panacea for the creation of the stateless world many of us would like to see. We have no choice other than to tackle the issue of global, corporate tyranny first. Unless we do, the legal introduction of corrupted cryptocurrencies will give the Kleptocracy total dominion.