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Dontapscott2 karma

Lots. But that book was about the Internet of Information. Which by the way was supposed to bring prosperity.

Despite the promise of a peer-to-peer empowered world, the economic and political benefits have proven to be asymmetrical—with power and prosperity channeled to those who already have it, even if they’re no longer earning it. Money is making more money than many people do.

I guess we're hopeful that blockchain gives us another kick at the can.

Dontapscott1 karma

I'm using Blockchain. It works fine.

Dontapscott1 karma

I'm sorry you think that. Many other smart people think differently. Read the book and then we can discuss.

Dontapscott1 karma

thanks. To us the main benefits ARE outside financial services. We're moving from the Internet of Information to the Internet of Value. You'll read, for example about a big set of opportunities to help solve the problem of social inequality.

Through the blockchain, we can go from redistributing wealth to distributing value and opportunity fairly in the first place, from cradle to grave. How? Including billions of people in the global economy: protecting rights through immutable records like land titles; creating true sharing economy by replacing service aggregators like Uber with distributed applications on a blockchain; ending the remittance rip-off and helping diasporas return funds to their ancestral lands; enabling citizens to own and monetize their data (and protect privacy) through owning their personal identities rather than identities being owned by big social media companies or governments; uunleashing a new halcyon age of entrepreneurship by enabling small companies to have all the capabilities of large companies; helping build accountable government through transparency, smart contracts and revitalized models of democracy.

Dontapscott0 karma

We call it shifting from the RE-distribution of wealth to the PRE-distribution of wealth.