Individual
freedoms are important to most Americans.
We believe that some type of representative democracy is an insurance against dictatorship.
We value our freedoms and we believe that they are conductive to a free society, innovation, progress and a better standard of living for all.
We believe that some type of representative democracy is an insurance against dictatorship.
We value our freedoms and we believe that they are conductive to a free society, innovation, progress and a better standard of living for all.
It
is apparent that when institutions public or private, are centralized
and become more powerful they attract
people interested in seeking power. The concentration
of power at the top of these organizations often leads to abuses of power.
people interested in seeking power. The concentration
of power at the top of these organizations often leads to abuses of power.
The
majority of people, who earn their reputation and remuneration in
life by servicing other people are not interested in acquiring power
and control over other
people. We all benefit when our neighbors and friends are happy, free, honest and successful.
people. We all benefit when our neighbors and friends are happy, free, honest and successful.
The
average person builds, creates, innovates, learns, solves problems,
risks, invests and provides products and services to others, values
other people freedoms, may be self-reliant or more social, may be
hard working or highly productive.
If
you are this type of person and do not seek to influence and control
others, then probably your goal is not to be promoted through the
ranks and eventually to the helm of a powerful, centralized
organization. Those positions are instead filled with people who
think they know better and seek positions of power and control over
others. Only in rare cases, when they have developed a strong ethical
philosophy that has been tested during their lifetime, such people
may have the fortitude of caring about the opinions and individual freedoms of others.
It
is not surprising then, that the average person has become resentful
of centralized institutions: whether these write laws and
regulations, establish the value of our currency, control the way we
work, gather and use our private information through social media, or choose the news we
are presented with.
Centralized
institutions limit or infringe on personal freedoms in the following
areas:
Misinformation
and censorship
Americans
have become more careful about the source of their news. With the
pervasive use of the Internet, web news sites and social media
sources have become more influential, and consequently more
controlled by people with a political agenda.
Powerful
sources may create news that conform to their agenda
(misinformation), and block news that are contrary to their agenda
(censorship).
While
many independent sources can be found on the web, this usually
involves some time and effort, while large news services are more
visible, especially when the browsers we use are possibly biased and
programmed by large organizations.
The
entertainment industry, because of the large funding requirements for
production of television programs and movies, still has a large
influence on the masses.
Freedom
of speech and freedom of religion are the first victims of
centralized, influential
news services.
news services.
Privacy
and Security
Large
and influential institutions may feel they are above scrutiny and
decide to gather and keep private information about their customers.
Recently we have heard of several cases in which institutions and
organizations have gathered private information without consent, or
compromised private information. In other cases, account passwords
have been stored in readable form and exposed to the company's
employees.
Currency
creation and distribution
Money
is the representation of the work we do: products we create and
services we provide. Since work occupies a major share of our life
and earned money is a measure of that effort, money is important to
us, not only as a means to acquire personal property, but also as a
means to help others.
When
the money supply is arbitrarily created and controlled, whether by
the central banks or by regulations, the effects may be economic
hardship for many and possible advantages for a few.
The
Blockchain promise
Blockchain
technology promises to help in all of the above areas, by providing
the basis for
- a distributed design of news services and social media applications, so that people can have more uncensored sources available and can gauge the reputation and reliability of
those sources; - better security of private and personal information, whereby the unique identification of each person is assured and does not depend on releasing of private information; and
- an alternative currency not controlled by a central institution, but by an automatic algorithm, that can provide price stability. A currency that can be used as a fiat currency for invoices, loans salaries, and for trading worldwide.
However,
ten years after the introduction of this technology in public
networks, these promises have not been fulfilled. The few public
networks that have maintained independence from large organizations
(unpermissioned networks) have problems of scalability, efficiency
and cost.
Bitcoin
cannot support applications and its currency is volatile. Ethereum,
which theoretically can support distributed applications, at this
time has problems of scalability and cannot support a single
application the size of a social network.
The
good news is that a completely different approach is now been
proposed to fulfill the blockchain promise. New, stochastic networks,
using different designs and protocols, are on the way, solving the
problems that have stalled blockchain technology for years.
The
proposed network model is not de-centralized any more, but
distributed and stochastic. In the distributed model, there are no
classes of nodes and there are no intermediaries (miners, verifiers),
but each node is equally involved in the verification of transaction
and maintaining the security of
the network.
the network.
The
proposed consensus protocols are also new: All current
blockchain-based consensus protocols, more than sixty varieties of
them, are leader-based. One node broadcasts the block to every other
node. The proposed protocols are not leader-based but reach an
agreement on the composition of the block among a majority of peer
nodes.
This
evolution of blockchain technology is described, for example, in the
article at:
https://medium.com/@gori70/blockchain-de-centralization-is-the-problem-79984bbf24f5
This
transformation will solve the current problems of scalability and
allow distributed applications with high data transfer requirement to
use blockchain networks. Software development companies will be able
to use a more functional distributed operating environment for their
applications.
The
blockchain will be replicated on all user devices. The advantages for
users will be: usability, security and transparency.
These
new developments will also open the way to the use of
superconnectivity, the connecting thread between blockchain
applications and the IoT world.
Stochastic,
fully-distributed
crypto-networks
will soon
fulfill the blockchain promises,
revitalize
the blockchain industry,
disrupt crypto-mining industries, reduce energy utilization, provide
an alternative to current crypto-networks and effectively
revolutionize the distributed application world.
Giuseppe
Gori is the CEO of Gorbyte (gorbyte.com), a blockchain research,
development and innovation company. Gorbyte started researching
distributed consensus models a few years ago and is currently
developing GNodes, a new crypto-network that uses the first
blockchain-based, distributed consensus protocol, called MARPLE. When
MARPLE is used as a consensus protocol, all nodes participate in
assembling the block, and in verification and security functions,
without the need of intermediaries or monetary reward. Gorbyte is
currently raising private funds through a security token offering STO
in partnership with DealBox (Carlsbad, CA, USA) and TokenIQ (Phoenix,
AZ). The funds are being used for the development of GNodes.
No comments:
Post a Comment