The Hero’s Journey Bitcoin Digital ID


The Hero’s Journey: Creating Authentic Digital IDs And Personalized Engagement For Bitcoin Decentralized/Distributed Systems



Numerous Bitcoin podcast discussions have led to the inevitable “wall,” a wall which, to date, has not been penetrated and its adjacent territory explored. I’m referring to the existential question of how “Bitcoinization” actually manifests for each individual, while legacy monetary infrastructure and social structures disintegrate. It’s one thing to romanticize how our new society will somehow magically crawl out of the ashes like some unburned, proud and polished phoenix and quite another to face the real-life, ugly hurdles facing us.

The deeply embedded detritus of legacy fiat thinking and behaviors do not simply disappear. In fact, as we transition to the bitcoin standard and the working people of highly developed, industrialized countries become squeezed and further impoverished during the deflationary depression (see Jeff Booth, “The Price of Tomorrow”), social unrest will erupt, and inevitably, Bitcoin itself could be blamed and viewed by many as the culprit of the collective pain. It doesn’t take profound foresight to predict that many such people, seeking blame and simple solutions, could demand even more centralization and control through the perceived safety net of an increasingly powerful authoritarian state.

Source link Bitcoin Magazine


Be the first to comment

Leave a Reply

Your email address will not be published.