Topic: The New World Order with Crypto and Blockchain Technology - page 4. (Read 870 times)

I think that your ideal picture of the world using blockchain is a bit too rosy. Bitcoin is immutable, Ethereum to some lower degree is, but the type of blockchains you're referring to (if they ever going to be used on a large scale) will be private chains, ones where you do not get to participate in the consensus model they use.

The benefit (for the entities participating in a specific consensus model) is that data can be altered/removed when needed. Immutability is actually an aspect that isn't useful in most industries where decentralization isn't needed. Mistakes are made all the time, which you can't correct with an immutable blockchain.

Fair voting for example isn't going to be more fair with private blockchains of 'independent' organizations. They are highly susceptible to manipulation. For that you would need Bitcoin, a truly independent and immutable blockchain.

The decentralized part of it plays a big role as well, like you can't play with it the way you want, governments play with money however they want, they move it around like its not a big deal and they do whatever they want with it, with blockchain they wouldn't be able to because if governmental address is know then we will be capable of seeing where the money goes or how much goes there and we will have a chance to ask what happened to that money.

Governments can't deal with blockchain, even the most honest countries you think that is run like lets say Germany will have a trouble because they will have to respond to every single question and eventually someone will do some corruption that will be caught and from then on its a race to gain votes from people and opposition could always yell "thief" to people who used peoples money for stuff that wasn't in peoples best interest.

Well for starters, Blockchain technology proves to be better than an ordinary database as it makes use of cryptography and consensus algorithms in order to ensure the integrity of data. It proves to be quite useful for finance, as transactions remain virtually immutable. With a Blockchain ledger, it's much harder to perform corruption or fraud as everything is visible and auditable by anyone. Robust security and high efficiency are one of the things that make Blockchain such a unique technology unlike no other. Given that Bitcoin has been proven to be quite a successful world currency, governments have studied the Blockchain deeper for their own benefit.

A worldwide Blockchain which provides a financial infrastructure backed by governments and central banks seem to be the way of the future. Every day technology is improving at a fast pace and people are adapting towards the modern era. By enabling a "One World Government" along with a "Single, Unitary Currency" the world's countries will behave as a single entity. In my opinion, this could improve our economy for the better. Central Banks will largely benefit from the fees obtained by the global Blockchain ledger. This is similar to miners in crypto land, where they help secure the network in order to earn profits based on fees paid by users of the ledger. Which is why, I believe that it'll be a win-win situation for central banks and governments worldwide.

Nonetheless, a New World Order will take quite some time to become a reality as people are adapting to new technologies at a slow and steady pace. A drastic change from Fiat to government-issued digital currencies needs to happen first, before world domination could happen anytime soon. Once that's done, then worldwide governments could establish a system where they could control everything people do in normal life by using Blockchain technology (and possibly AI) to its fullest potential. Just my thoughts

You may not have one nation in all of the world but you can have an alternative currency for all fiat. Just to give an example right now if you have 100 dollars you can go anywhere in the world and cash that out to local currency and spend it or you can even spend dollars in many places all around the world. That means we have already created a system where there is an alternative currency for all currencies : the dollar.

So, if we can take out the dollar in that sense and replace it with bitcoin than we can have bitcoin as a super expensive price because than people would be buying bitcoin like hell in order to spend it on other nations. Lets not forget that there are billions of dollars going to tourism every year and if bitcoin could get a slice of that market share we would be above 100k already.

Proven in what way? I don't see anything that the blockchain can improve that for example a database can't.

We're living in a world where for example banks not being efficient can exploit that to charge you ridiculous fees if you want a faster transfer of value. If banks really cared about instant transactions and at the same time wasn't harming to their profits, they could have made sure it was possible even before Bitcoin and thus the blockchain were a thing.

Aside from banks there are countless of other sectors that do not want you to benefit from any form of efficiency. That's how money is made. The efficiency benefits that could be achieved will be privatized while they socialize the cost of their previous not efficient system to you to boost their profit. That's what we will see happen more.

I honestly believe that one-world government is very unlikely to happen,
heres why:
"Given the incredible diversity of the world’s people and cultures, it will be difficult to adopt any policy that does not inflict severe harm on at least some groups. The problem of dissident minorities has been difficult to address within individual nation-states. It would be far more severe under a world government." -Ilya Somin

As to a world currency using blockchain, it is a very good idea. Although, it might be difficult to implement without a one-world government.

I really quite like such a modern technology world. Then people will no longer have to cut down trees to make more money or abuse nature more. We can use the internet to transact and perform a lot of different services without affecting the environment.

I wouldn't be surprised if Blockchain technology takes over the world anytime soon. After all, it's been proven to be the ideal solution for nearly everything we do in our daily lives. Right now, governments may find it hard to reach a common agreement over something. But with Blockchain and AI this could change, in my opinion. Governments worldwide will realize the true benefits of a single, unitary system that improves efficiency and reduces fraud in every way. If they unite themselves together, then our world might become a better place.

Imagine using a "One World" currency within the future. Every country will rely on a single global Blockchain for all of their transactions. Whenever it's finance, public transportation, proof of ownership, or even proof of identity, Blockchain will fulfill every single area of our world. People won't have to worry about switching currencies or even carrying with physical cash at all. Also, they won't need to carry with passports and such since the worldwide Blockchain system will keep track of everything. It may sound crazy, but if you look at how far technology has advanced these days, anything is possible.

Nonetheless, if a New World Order makes use of Blockchain to its fullest extent, then I believe that privacy among people will no longer exist. Mass surveillance, and a single worldwide currency will keep track of every single individual no matter what. No one could buy or sell anything without gaining access to governments' worldwide Blockchain system. If this becomes a reality, then it'll be hard times for most of us. Just my thoughts

Dollar and bitcoin would be totally different though. People use dollars commonly and as a worldwide currency everywhere they go however dollar is backed by USA which is considered the biggest country in the world by economy, they have many things they are doing wrongly of course and not many people like USA for what they are doing however that doesn't change the fact that they are the biggest economical country in the world (maybe behind china now).

Bitcoin would be governmentless and that creates a whole series of issues with it, nobody can really rely on bitcoin while travelling as much as they trust dollars, you can stand in your house and exchange it to any currency you want but when you are travelling to another country you would still want some dollars and not bitcoin because you would be afraid you can't cash it out there.

It doesn't require a currency, it can be a token as far as I know. That way you can actually make some sort of middle ground deal with it, it still worth something but it worth something as much as it works, say you are building a blockchain to make sure all transactions are done easily or you are building a blockchain that would carry some data, you provide token for people who would like to use it and yeah people can buy it but at the same time they can use it to earn it as well.

Hence, there is no currency requirement but there needs to be something, even if not currency there has to be something. Aside from that I feel like blockchain technology can go beyond these, one day it will be in everything without any token or currency to help out all the database companies.

It seems impossible to most people but I strongly believe that there would be a time where many people would appreciate that it is very possible for the world to make use of one cryptocurrency. Despite the poor economy and high inflation in many countries, the US dollar is used predominantly in most international transaction this is a clear indication that some sort of a common currency for the world is feasible.

To be factual, as much as there are untold advantages that could arise as a result of a uniform currency to be used around the world, the praticability is one issue that I dont see happening in a lifetime. Countries that have been together by trying as much to unify most of their activities such as currency, immigration, language and even form of administration are breaking apart because they feel one is giving more to the union than the other.

There have also been countries within the same continent trying to even have one uniform currency for decades and that is still not close to being implemented. That is not to talk of the world powers always at each other throats in ensuring they outshine one another either by campaign or by spying among other means would even go a long way in frustrating the use of anything that could share the characteristics.

But it will be quite dangerous for older people and do not understand much about technology.
You know, the wallet address implementation and stages are also quite complicated. If they fill in the wrong wallet, their money will surely be lost and there is no refund system.
That is also one of the reasons why it is not widely used.

It depends on whether or not you're dealing with a private blockchain. Private blockchains don't necessarily need a native currency/token to utilize. In that case it will be similar to how you use a database.

Public blockchains such as Bitcoin do require a currency. It's to reward miners and you need Bitcoin to pay for interaction with its network in case you're using applications built on top of it. No Bitcoin means no interaction.

The same applies to Ethereum and the many dapps running on top of it. Even if you don't like Ethereum, you still need Ether in order to interact with these dapps. Similarly, no Ether means no interaction.

Public KYC-linked blockchains would be a huge mess for everyone involved, it would mean that not only government can view all transactions of every citizen, but also everyone else - the citizens, foreign governments, criminals, terrorists and so on. Any such blockchain would be quickly banned because of how much danger it creates, it's essentially an open database for robbery targets, or a perfect dataset for creating targeted ads.

In any part of decentralized blockchain systems there is no "new world order" type of stuff going on. I mean these rich folks will not give up power that easily, they have gained it in the past 500 years or so years and maybe even further back than that.

Think about it, almost all the big nations of the world even starting from ancient Greece have been nations that could be considered "white" in today's world, now that they got it for the past 2000 or so years they won't give it up for equal chances for everyone, because that means there could be people who are not like them in mind and in skin which would result with not having the possibility to work together and if the rich folk do not work together they don't stay rich that long neither. Its just gonna be a tough fight until we tear down the wealth gap.

Exactly, they have to create their own Crypto currency or Blockchain technology, because they have to manipulate it to boost their own economy. You will soon see a lot of "GovCoins" seeing the light of day, because governments are seeing the potential of using a technology like this to quickly change monetary supply, without having to go through the tedious and expensive task of printing and minting new Fiat currencies. 

So, they can now continue creating "Toilet paper" money in a digital format, by simply changing a piece of code in the protocol that they manage centrally.     

Ofcourse they are going to use the cryptocurrency and blockchain technology since we have already seen examples where people are being banned from using cryptocurrencies just because the government wants to use that investments in making their own cryptocurrencies.
For example :- China , India , etc.
They are already trying to make a centralized version of the existing technology .

What does blockhain unites? Can you explain more?


Blockchain prevent form forging digital asset. That is what blockhain does. You are talking like we are in 2016 when blockhain was here to save us from AIDS and world hunger and everything bad on earth.

It is possible a world government would create a single Ethereum-like private Blockchain with every country owning its token. The tokens could represent national currencies on  a Blockchain.
They will definitely want a single platform/Blockchain for multiple national currencies inform of tokens for easy regulation.
It's a crazy future ahead my friend.