Cryptocurrency in the current social context

By alturn | CoinXBT | 28 Nov 2020


Bitcoin is seen as a collective development, an unexpressed single potential that turns into a collective realization.
We have seen how the growth of blockchain technology in its recent stages is only comparable to previous industrial or technological revolutions and how impressive its development in such a short time.
We have understood that the fundamentals behind this revolution are very deep and concern not only technology and innovation but above all find the solution to an outburst, which comes from a discomfort and a need (as often happens with the biggest revolutions).
All this is due to the close link man-innovation to satisfy a need. Change is all the faster and more intense the more intimate the needs are.
This implies that the need behind the blockchain technology is very intense and we go to analyze it according to the social context.

Blockchain

Social Context

Nowadays we are faced with an abundant social context of defeats and failures in many fields, such as:

  • the inhomogeneity of wealth distribution;
  • the unsustainable exploitation of natural resources;
  • the ineffectiveness of the skills system (gap between skills and market demands);
  • the inadequacy of the education and school system.

The main side effect of these factors is a general impoverishment with a consequent centralization of wealth, i.e. "the rich get richer and the poor get poorer and poorer".
All this obviously leads to problems, in fact, governments and large multinationals, with the intent to safeguard economic and financial security, have run to the shelters generating conservation trends, such as:

  • the centralization of power;
  • restrictions on personal freedoms;
  • increased fiscal pressure;
  • impoverishment of the masses (not only at the economic level, but also at the ethical-moral and cultural level);
  • forced use of technologies.

Trying to look at it from a macroscopic point of view, we can guess how the problems mentioned above are nothing more than symptoms of a "disease" of a much higher proportion.
In fact at the basis of what has been said above we can identify:

  • the lack of experience of institutions and instinct of preservation often adverse to new forms of democracy, production, business and finance;
  • obsolete training and communication systems compared to the rapid changes in the scenario;
  • need to appear more than an expression of value interpretations of reality;

The opposite of all this is being seen in those systems defined as alternative systems such as, for example, governance, in experiments such as DAOs (Decentralized Autonomous Organization), which try to manage, with distributed governance, decentralized finance systems (the so-called DeFi), such as liquidity pools.
Let us now analyze what is the effect on the individual in such a social context.
The success of blockchain technologies is essentially related to the Contemporary Disagio due to the imbalance between the following factors:

    1) Distribution of wealth
    2) Purchasing power
    3) Induced desire

 

Equilibrium between the three factor

From the previous figure we can notice how the angle of the distribution of the wealth (1) goes thinning to the passage of the time; similarly for the angle of the purchasing power (2), while for what concerns the angle of the induced desire (3) as it always goes widening.
The triangles, all of the same area, represent the equilibrium in three different instants of the factors (1), (2) and (3).
Since the area of the three triangles remains unchanged, there is therefore a conservation principle and the presence of an invariant is revealed, which in a dynamic physical system is the energy of the system, while the proportions between the quantities in play vary. In the context analyzed by us, it means that while the induced desire of the individual grows as a function of time, the distribution of wealth and its purchasing power decrease.
All this means imbalance, inequality and a sense of inadequacy, which leads to depression and anesthetization of desire.

What is happening in the community blockchain, however, is diametrically opposed....

What do you think? Blockchain technologies will be the new financial revolution?

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alturn
alturn

Hey there, I'm a crypto investor and a stakeholder passionate about finance and technology. In particular, I'm a telecommunications engineer specializing in Radar technologies. I hope you enjoy my content and don't forget to support me.


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