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2018-04-12#

Thinking About Today#

The need for trust and middlemen allows behemoths such as Google, Facebook, and Amazon to turn economies of scale and network effects into de facto monopolies.[1]

The real promise of blockchain technology, then, is not that it could make you a billionaire overnight or give you a way to shield your financial activities from nosy governments. It’s that it could drastically reduce the cost of trust by means of a radical, decentralized approach to accounting—and, by extension, create a new way to structure economic organizations.

More Information#

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