Will crypto and blockchain be the downfall of the state? | Decoded
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- Опубліковано 9 сер 2023
- For centuries, banks and governments have acted as mediators between citizens and their money, granting institutions immense power over our financial transactions.
But times are changing. Enter the Blockchain, a new way of recording and securing transactions that promises to bypass the traditional custodians of our wealth.
But how does Blockchain work exactly, and is it going to cause a revolution?
For better or worse, we’re living through a huge moment in history as the world shifts towards digitisation and decentralisation, centuries after the Industrial Revolution brought about immense progress.
In this episode, adapted from the Arabic-language series Dahaleez, Amr Waked explores the power and potential dangers of the Blockchain.
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Betteridge's law of headlines: if the headline is posed in the form of a question, the answer is no.
Axiomatic Proof
Watching this program always gives me more and more understanding of world we live and also how complicated it is.
Just don't trust them all
Amr is back 💙
Ascent Exchange is a ve(3,3) DEX that masterfully adapts Andre Cronje's initial vision of Solidly & Thena's Deployment on BNB Chain
Peer to peer transactions are all good until someone decides to not play by the rules. Civilizations began when people trading with each other---making agreements with each other---realized there is always a need for a strong entity to enforce the agreements. That strong personality eventually became King.
And once transactions involved exchanging currency rather than hard goods, it became easy for greedy people with low morals to cheat the person they were doing business with. Crypto is for crooks -- who else needs to buy & sell without any governing body knowing about it?
And now we have the blockchain's protocol to set and enforce the rules, no need for other entities.
@@owninthefoam6500 , blockchain didn't stop Mashinsky and SBF. It was the government, who is supposed to be made obsolete by autonomous organizations, who did.
Look at the Libra’s failure for insight into big tech interests for cryptocurrencies and the hurdles they’ll need to clear.
For an interesting reflection on technological progress, I’d suggest reading “the abolition of man” by C. S. Lewis.
What do Religion, Science, Government, and Utopia have in common? If we are all connected, the mark we bear is our currency.
Betteridge's law (of headlines) is an adage that states "Any headline that ends in a question mark can be answered by the word no." The sweeping generalization refers to the poor journalistic practice of writing sensational headlines in the form of a question in order to compensate for the author's lack of facts.
Watching this video is an experience of performance art, it's about feelings. Just don't look for factual information.😂
Strange thing is needing a mechanic when you're stuck in the sand!!! 🤔🤔
Thanks Al Zazeera team for new valuable update. 🙏
I was really excited by the title, but the documentary is a bit too dramatic in the way it has been produced. There are too many pictures and scenes that do not add any value or new information at all. Also the explanation of block chain is not really considering people with a non- technical background - an example would have been useful. Disadvantages for Bitcoin are also not highlighted, e.g. money laundry, illegal transactions, tax fraud.
Nice video, nicely made
Good video 😊
Not sure when some of the interviews were recorded, felt like 2021-22. It's unfortunate that blockchain projects like Bitcoin and Ethereum have been taken over by Global Venture Capital firms due to the costs involved. Now the World Bank is pushing for an International Standardised, State controlled CBDCs (Central Bank Digital Currencies) which are being trialled throughout the developed and developing world, the hope of blockchain returning economic power and personal freedom to individuals is fading fast.
Governed ? Yes
But of an other type ? Yes
Unregulated ? Never
A wonderful plan until a solar flare... What about an electromagnetic pulse?
I like your thinking woody!!.🤔
Crypto currency and blockchain is direct democracy and total privacy.
No offense but if you think the blockchain is private at all you don't understand what it is
Who gets to read and authoritize the information on the Blockchain?
Packing my crypto bags
A little dramatic for a blockchain show but education is a good step forward.
Good innitiative by the banks to have their choice of currency without people knowing. No wonder banks are silent coz they are the one who started it
Cash Is King
How is a bank a state authority?
Who oversees banks....a central bank and oversees a central bank....? Hope this helps
👌show Amr, early days of crypto
So what if there is lots of lewdness, does anyone here think that it's freeing?
Let grown-ups live like they choose and stop trying to hold our hands like we are little kids who don't know nothing!
Sure some grown-ups maybe need a government, or in the future, a company/conglomerate.
Forcing people to deny what they want is what makes us feel miserable, everyone has different likings and things that drive them on. What's the point of life if you can't enjoy it freely as you see fit as long as you don't harm any living thing.
If you read all the above, thank you for your time and take care and care for others🙏🏻
Man interact with each other without a third for most of the human existence gold silver cash etc
What is this? …an ad for crypto? Where’s the skepticism?
👏👏👏👏
No
CBDC is the way to still control everything!
No, no, no ... just look at what Sam Bankman Fried did with FTX ! Why will a CRYPTOCURRENCY be allowed to cross into the US Dollar ? Cryptocurrencies should stay within the world of cryptocurrency.
CYPTO is like going to the CASINO and giving some third party all your money and HOPING they dont PULL THE PLUG out from under you! Like saying here somebody out there in THE ABYSS
Why do people think that technology is going to be around in the future... Have you not seen the destruction of storms fires etc..
Aljazeera soon u will come up with tittle "death of dollar" mind my word 💯🇷🇺
These institutions are so powerful that they will do everything in their power to still control everything! It's nearly impossible to get rid of them ever!
I was excited when I saw the headline...but unfortunately not what I expected. Cryptocurrencies and Bitcoin are two different things. Bitcoin will never need any institutions, especially no cyberplattforms!
Never mind. Sorry. They already talked. You are getting this too by the way! >> additional F-35 and F-16 fighter jets, along with a warship to the Middle East, to monitor waterways.
.... AND NONE OF THEM IS AFRICAN TOO.
This is embarassement.. Most specially for the poor people... No amount of money to put in credit card... How come it work...
Blockchain is fine.
But most crypto is a scam.
Your money is gone.
1 minute channel intro + 1.5 minutes some unrelated intro story.... for a 16 minutes video?
in 2023 on YT?
nah, stopped watching. that's too much time for getting no info
The empire is falling anyway..
It just another vice
It's true I'm nothing but a man
Where have you been? You weak me
no
Crypto has been a life-saving for me
Hopefully, it gets to stay and improve more lives
I have some tulip bulbs for sale.
Most people = (Woosh)
This is a corrupt vehicle as far as I am concerned.
👍👍👍🎉
It's a nice way of saying that criminals, drugs dealers and rogue states should have a way to do their business.
Ever since physical money, there has been no real way to trace it other than recorded events by an individual.
So, unless you think that a fully govern & watched currency would not have repercussions against the individual, what would stop a criminal, drug dealer, or rogue state from continuing their business under a false pretense?
Crypto is the real Money.
Yes, buy some more
“By the glory of Lenin, by the will of Stalin; all power to the Soviets!” Enough of the two wings of the Capitalist Money Party in this country.
🤮
Crypto is like communism : It looks great on paper, doesn't work well in practice.
How to understand the whole thing about crypto currencies
You are so smart, brave
Who will care for your comments😂
Cryptocurrency is the future so better buy more
Could it mean crypto can save money from stealing
Crypto is stealing. Only an idiot would buy fake money with real money.
🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩🇧🇩
No