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The bitcoin rush of 2017 made millionaires out of everyday people. At its max, one Bitcoin was valued above $19,000. While the price of Bitcoin may have declined, there are hundreds of other cryptocurrencies, and bitcoin is still a fantastic investment. Cryptocurrency, however, is just one of the immeasurable possibilities of blockchain. And every new innovation in blockchain can and will move society in the direction toward liberty.
Blockchain is ultimately a public database that anyone can access. Above all else, it is completely decentralized. There is no single computer that can regulate it. If anyone attempts to hijack the blockchain, responses happen with much more efficiency. Decentralization is the key to finding freedom in this unfree world. Whether it be through secession efforts, state nullification of federal tyranny, adherence to the 10th Amendment, and so on, decentralization helps resist the tyrants of the central state. The blockchain takes this concept to technology. It adds accountability and transparency where there is none.
Perhaps the greatest centralized tech giants are Google and Facebook. They don’t exactly have the best record of promoting freedom of speech for conservative and libertarian audiences. While Google and Facebook are private entities and they do have the right to censor as they see fit, you do not have to rely on these central giants anymore. Because of blockchain, social media can decentralize as social media engines such as Steemit and DTube emerge. What is amazing is that these decentralized platforms not only allow you to speak freely, but they pay you to do so. Steemit and DTube provide STEEM, a cryptocurrency, to their users for good performance. There is nothing but good things coming out of this social media revolution.
But above that, there is so much more. Contracts that automatically fulfill themselves become more plausible. Businesses are more compelled to answer to the consumer rather than the State. But above all else, the distribution of information becomes so much more feasible. Since the blockchain lacks a central server, information can spread much more effectively. By decentralizing knowledge, we can increase responsiveness and thus have a more stable society.
Ultimately, blockchain is an alternative to centralization. Whereas centralization has brought us tyranny, the loss of local sovereignty, and the growth of government, decentralization can and will reverse that. Blockchain does not stop at bitcoin. It does not stop at crypto. Blockchain will continue to make the world a better place. It will continue to make the world a freer place. It may be the future of freedom.