If blockchain is to achieve universal appeal, by definition it must welcome the gamut of human philosophical and political traditions into its community.

There are a lot of blockchain believers who see blockchain and crypto technology as first and foremost a means of creating a libertarian paradise. These people see a natural alignment between libertarian ideals of small government and blockchain’s ability to remove the need for peer-to-peer trust in online transactions, as well as it’s ability to anonymise these transactions.

And while blockchain does allow for these things, it is wrong to think these are the limits of its potential, or use.

And it is wrong to believe that blockchain technology is only of interest to libertarians. That it is not of interest, cannot be of interest, to those of other philosophical and ideological persuasions.

Blockchain can bring incredible, game-changing innovations to science and scientists, through its ability to link unused computing power to vastly increase scientists’ ability to solve incredibly complex problems (check out Boid). It can better enable effective and efficient government (and while many, especially in the US, may not believe it, government can be – and in so many parts of the world is – very effective and efficient indeed) through the immutable ledger technology and smart contracts – think transparency of the decision making and policy implementation processes. And don’t forget blockchain’s potential contribution to environmentally friendly (Power Ledger), accessible, fairer and transparent business (Worbli).

And as we all know, these examples are the tip of the ice burg.

Many of those who are waiting to see mass adoption of blockchain, be it EOS, Ethereum or Bitcoin (or whatever), seem also to want blockchain to stay ‘pure’ to libertarian ideology, and remain solely the mechanism to achieve this vision.

But blockchain will never see mass adoption if it isn’t encouraged to expand and take the occasional risk – including by finding ways to be useful to people and organisations beyond the vision of blockchains’ libertarian community.

* Picture courtesy of pixabay.com

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  1. CryptosDecrypted

    I wholeheartedly agree with you @eosbattlew Blockchain is greater than one ideology and as time goes by the applications to which it will be applied will span many competing systems of belief. I do however hope crypto doesn’t become co-opted into a new form of crony capitalism covered by a thin veneer of accessibility etc..