Decentralized technology can help protect democracy around the globe
Privacy-focused decentralized and peer-to-peer technology solutions offer a better alternative to centralized platforms. Recent political developments in the United States demonstrate the critical challenges that centralized technology platforms pose to democracy — in stark contrast to the powerful role social media played in pro-democracy movements in the Middle East and Hong Kong. U.S. election misinformation and disinformation, as well as white nationalism, spread throughout online groups, and prominent political and social leaders found means to amplify falsehoods through technology....
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The interesting bit about Ethereum and its blockchain is how the software solutions can translate to real life use cases. Anyone who has ever dreamed of creating their own company or organization can now do so with the Ethereum blockchain. Getting involved in establishing DAOs is a great way to revolutionize the world as we know it, even outside of the financial world. The blockchain is being looked at as a great way to transform finance as we know it to this very day. Although there is a genuine use case for distributed ledger technology in the monetary system, its use cases transcend....
The Flux Party of Australia suggests using a Bitcoin-based approach to save democracy from itself. The virtual tokens will be issued to distribute the will of their voters to their elected officials. Bitcoin Debut in Politics. The politics of Australia has been in turmoil for some time now. The country has seen five Prime Ministers in and out of the chair in the last 5 years. The Upper House has been deadlocked by a few senators that were elected with less than 1% of the vote, owing to the eccentric electoral system of Australia. For the Aussies, there couldn’t be a better time for a fresh....
Democracy is antithetical to the fundamentals of private property rights and, therefore, the functional, fair organization of society.
Our democratic systems of today were designed hundreds of years ago, in a time when letters were drafted in quill and ink, and then sent hundreds of miles over horseback to be shared between individuals. Governing institutions required closed-door offices in order to handle and organize the massive number of documents required by their agencies. This data module made sense because it was the most efficient option afforded to that particular era. With the advent of the internet, the ability to share information has changed so fundamentally that it is hardly comparable to the methods used....
In 2017, high-flying bitcoiners attempted to foment democracy in Venezuela by airdropping crypto and paper wallets. What did we learn from these experiments?