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What is a blockchain technology via the eyes of a Black Swan?

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Jan 11, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

    Blockchains are really a shared version of reality everyone agrees on. Blockchain technology is Web 3.0 where we all participate in a shared ledger for our ‘real world’. It is a technology increasingly gaining adoption and trust that will be the cornerstone as our basis for reality.

    When you look at the division in America, you have to ask yourself: Who is telling the story? And also, which narrative device are they using? The medium contains the message they are trying to convey, but that message might now be the critical piece that changes society.

    With respect to blockchain technology its state purpose tells you the public is fed up being screwed by the system. The medium through which we choose to communicate holds as much, if not more, value than the message itself.

    GavinH, caroline and JanSz like this.
  2. Jack Kruse

    Jack Kruse Administrator

    Why were 21 M coins chosen?
    Satoshi actively entertained the possibility of Bitcoin being a world currency. However, the elusive question of “why 21M?” can ultimately come down to the fact that a number had to be chosen, and 21M possessed all the easily-calculable dimensions which made it the ideal candidate. The choice to make 21M the cap was, therefore, partly-rationalized and partly made arbitrarily.

    Essentially, 21M was chosen because it makes computation simpler. 21 is also a triangular number which makes it especially attractive. For example, if you were to stack 6 blocks on 5 blocks on 4 blocks, and so on, you could create an equilateral triangle of 21 blocks total.
    DebraGM, GavinH and caroline like this.

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