Blockchain, Power and Politics: How Decentralization Engenders Freedom
Cointelegraph By Tomer Afek's original article for cointelegraph.com reduced by 55%
What does this mean? Simply put, that a truly decentralized blockchain will, by its very nature, resist the centralizing and homogenizing forces that tend to form into power blocs. We must not forget that blockchain is also a means to an idealistic end. The perfect blockchain doesn't destroy economic, political or financial power, it merely distributes that power by using consensus to hold each other accountable to the truth of history.
Although blockchain has genuine political potential, truly decentralized blockchains will require deviation from today's practices. Let me be clear: Bitcoin still has a vital role to play in bringing blockchain technology to the masses. Blockchain and decentralization can serve as essential countermeasures to growing political and corporate authoritarianism.
In authoritarian regimes, blockchain and related technology provide a way to evade injustice and to organize against it.
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