10 new things on blockchain

Excerpts from The big book of crypto.

Strong Opinions, Weakly Held.

1. Death of centralization, instead of power being centralized at top, it would be scattered and divided into multiple entities.

2. Flowing decision from bottom to top.

3. Governments who run these corporation, would also follow the path of democracy.

4. Blockchain domain - Can a coin be released supporting the blockchain domain and thus building out its own blockchain domain.

5. We overestimate the innovation in short-term and underestimate it in long term.

People usually have high expectations from something newer but when it just doesn't perform acc. to their expectations they usually jump back to its original formation and starts making things around it wrt the workable laws.

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10 new things on blockchain

1. Death of centralization, instead of power being centralized at top, it would be scattered and divided into multiple entities.

2. Flowing decision from bottom to top.

3. Governments who run these corporation, would also follow the path of democracy.

4. Blockchain domain - Can a coin be released supporting the blockchain domain and thus building out its own blockchain domain.

5. We overestimate the innovation in short-term and underestimate it in long term.

6. Crypto means cryptography, encrypting out the information so that no other person can read it out.

7. A parallel digital world which resembles the real world i.e. Metaverse.

8. For any event, we tend to imagine the bad consequences that might occur far more than the good ones.

9. Abundance of money creates scarcity(poverty) in economy whereas scarcity of money creates abundance.

10. Bitcoin is heavily regulated, not by man but math.

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