Many of you will know that I have had my suspicions about blockchain technology for quite some time now, but it wasn't until a moment ago that those suspicions turned to a belief that this technology was nefarious in its conception, and destined to be used as a tool of oppression.
It was not even a piece of evidence that pushed me over the threshold, but simply a few moments of thought. I will be sharing much of my concerns about the technology that was introduced to us with bitcoin in the coming weeks, but today I just want to invite you take part in a little mental scrutiny with me.
There's a commonly held belief -- one that I too held for a time --that Satoshi Nakomoto, the so-called inventor of bitcoin, is a heroic activist who saved the people from the fractual reserve banking system by offering them an alternative. It's also thought by many that anonymity was a key factor being considered when developing these currencies. But what if that isn't true?
As I understand it, there is still no truly anonymous cryptocurrency. A few are close, but as of yet none have managed to achieve this apparent major goal of the entire movement. I mean, the very name "cryptocurrency" speaks to this agenda.
Could the reason this hasn't yet been achieved be that the technology limits itself from achieving the very goal it purports itself to be in search of? Let me explain;
Satoshi Nakamoto is supposedly sitting down, thinking about a way to create a private, secure means of exchanging value, without a middle-man- the banks.
At what point when attempting to develop a secret currency, does one then conceptualize a distributed ledger that records everyone's financial transactions, forever, and cannot be edited or deleted?
What has been achieved here does not seem to me like something that could be obtained during a pursuit of anonymity. No. It seems more like it came about as the result of trying to find a way to record everyone's financial information, forever, and make it immutable.
Or I should say, that is how I wished that it seemed. But we have seen bitcoin's technology advanced upon, and even Steemit is now testimony to the fact that the blockchain can record a hell of a lot more than financial data. And while a few digital currencies appear to be genuinely chasing anonymity, and very likely are, when we look at the differing ways that blockchain technology is beginning to be expanded upon, for example, the internet of people and the internet of things, these all speak towards a goal of connecting everyone and everything together, which is nothing to do with being anonymous or private.
When thinking on this, and on the potential uses of blockchain technology as a weapon of oppression, it seems to me that this technology came about as a result of trying to find a way to record everything, from everyone, at all times.
Someone who would have the foresight to put eight decimal places after the 0, knowing they would all be used, would also have the foresight to see how their technology could potentially be used. And if the agenda was as it is believed to be, to help the people, then when they realised what their technology could potentially be used for, they would not have built it.
I will be sharing some of those potential uses in the coming days, but this is essentially why I now believe that bitcoin was always intended to be the thing that makes us stop using cash, and turn our finances over to computer code that 99.9% of us will never understand. We can choose to break the law with how we spend our money, buying weed for example, but when the law of money becomes blockchain protocol, it becomes unbreakable, and then whoever writes that law has supreme control over everyone's finances.
Such an invention could not have been conceived in the mind of one who sought to liberate. Only in the mind's of those who seek to govern could blockchain technology have been born.
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