Governments and corporations have deployed censorship to limit speech and deprive people of vital communication channels. The ruling elite are trying to shush activists and freethinkers, but they are losing control and lashing out in frustration. This is why the emergence of decentralized tools and uncensorable money is more vital than ever.
Also read: Bitcoin After Death: The Perils of Sharing One’s Fortune
Corporate Censorship and the Loss of Control
Facebook recently engaged in a massive campaign to purge a plethora of freedom-oriented pages from their platform. They removed pages such as The Anti-Media, Free Thought Project, V is for Voluntary, and Rachel Blevins. The move came after Facebook, Twitter, and Youtube joined forces to eject Alex Jones from their respective applications back in August.
The social media titans have become zealous in their mission to purge their platforms of anti-government messages and to stifle liberty. Twitter is now known as a company that embraces censorship, and Youtube has routinely demonetized pages that disseminate information that goes against their milquetoast company ethos.
It is unsurprising, though, that these social media giants have taken this route. They are centralized social media companies in an age of decentralization; they are outdated and ready to be displaced by scrappy upstarts.
People are also waking up to the depredations of government and corporate cronyism. They are beginning to acknowledge the broken nature of partisan politics. This mass enlightenment has led to an explosion of tools and technologies with the goal of subverting the system.
Emergent Uncensorable Technologies
Developers and entrepreneurs are fashioning tools with the purpose of freeing people and opening new information channels. They are also allowing value to be expressed in peer-to-peer ways that cannot be intercepted by State agents. There are several major technologies blossoming, but the most significant is uncensorable cryptocurrency.
Cryptocurrency, especially bitcoin cash, allows for the transmission of value in an uncensorable fashion. This means anarchists can fund their projects without having to worry about their money getting frozen, seized, or stolen. Having uncensorable money like BCH is indispensable for helping activists achieve their goals. If they had to rely on the traditional methods of receiving donations and funding their projects, the Visa and Mastercard networks could shutter their pipeline at anytime at the behest of the government. There are other options for uncensorable money as well, including nonero, horizen, and others. These monetary technologies aren’t social media platforms per se, but money is a form of communication and having uncensorable money is indispensable to thwarting censorship.
Along with bitcoin cash, uncensorable social media and messaging platforms have arisen. In Jamie Redman’s article Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here, he mentions several applications that have actually been built on Bitcoin Cash, including Memo.cash, which is a decentralized version of Twitter. Platforms like Steemit have also emerged over the last couple of years. Steemit is a blogging platform that allows people to post content without having to worry about a centralized authority deleting their content. Users can earn cryptocurrency rewards for their posts, rather than having all the value they create siphoned by the platform and its founders. Other nascent decentralized media tools include Minds and Bittube.
The Decentralized Revolution is Currently a Bad User Experience
The problem with many of these decentralized social media technologies is they are still in their infancy. They are fresh out of the womb. This means they lack easy adoption. Their usability is limited and requires a degree of technological acumen. Their user interfaces are underdeveloped and sometimes suffer from technical problems. This makes the user experience suffer, causing people to leave the platforms.
The other problem is that the platforms have not experienced viral adoption as a result of the aforesaid issues. Established platforms such as Facebook and Youtube have an entrenched user base, many of whom have taken years to establish themselves. This means a system that is both user-friendly and prone to rapid growth will have to emerge in order to supplant these old applications.
The Technological Spring: The System Will Topple and Censorship Will be Mitigated
Nonetheless, these problems are mere technical issues that will be solved in time. These technologies will eventually prosper. The decline of the legacy systems is well underway; it is inevitable.
The maniacal drive to control people and contain their voice has led to the technological springtime we are now on the verge of witnessing.
New tools and technologies have cropped up not only to make human life more leisurely and simpler — they have emerged as a way to decentralize power. Iconoclasts and developers are building applications for philosophical purposes, to mitigate the effect of power on the rest of humanity. Their goal is to diminish the impact of violent hierarchies and to even the playing field.
In the long term, this will cause power structures to topple under the weight of truth. Decentralized technologies will erode the ability of centralized institutions to censor freethinkers who pontificate on liberty and anarchy. Without censorship to indoctrinate the masses, the system will begin to unravel and the power elite will no longer be able to run roughshod over the people. Humanity will then be able to move forward into the future with dignity and decency.
This is the value of uncensorable technology.
Do you think uncensorable social media platforms will gain traction? Let us know in the comments section below.
Images courtesy of Shutterstock.
OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.
Bitcoin Looks Poised to Dethrone Gold Globally
It may seem absurd to compare Bitcoin and gold, but the truth is that there are several common talking points between them. Bitcoin is the most famous cryptocurrency on the market today with an outlook. In fact, many individuals tend to believe that Bitcoin can become the gold of the Cryptocurrency age. This is possible since Bitcoin has shown some quality features that are reminiscent of gold.
The main difference between Bitcoin and gold as a currency is that Bitcoin lacks a physical form which is not the case with gold. Also, gold has been there for decades while Bitcoin is a relatively new cryptocurrency formed only a few years ago. However, despite these few differences, they have more in common than you might be aware of.
Bitcoin as the New Gold
In this Bitcoin review, let’s look at some of the major ways Bitcoin compares to gold and the reasons why it may be considered the new gold on the market today.
Check out this summarization of the two commodities similarities:
1. Scarce and Limited in Total Production
What determines the value of major currencies in the market today is demand and supply. In the cases of Bitcoin and gold, both are scarce and have a limited cap production mainly due to increased demand.
The value of Bitcoin has increased dramatically over the past few years, and that explains its reduced supply. In the future, we expect to see more scarcity in the market if the value of Bitcoin stands.Over the years, gold has been the most valuable metal in the world, and it still is even in the current market. The value of gold is mostly associated with the highly limited quantity in the market approximately 171,000 tons.
Over the years, gold has maintained its value; it averages annually at a rate of approximately $1,000-$1,200 per ounce. In the year 2000, gold was priced at about $200 per ounce, and once it bounced back from these low values, it became a valuable long-term asset in the market.
Initially, the value of Bitcoin was quite low; it was only being traded for a few dollars. Over the last course of 2017 however, Bitcoin has experienced many ups and downs, it’s highest up reached almost $20,000, but it has since fallen down again, maintaining its value at approximately $6000. No other cryptocurrency has taken the no.1 spot on the crypto market.
Currently, gold is valued at around $1200 while Bitcoin is valued at about $6338. The biggest uncertainty surrounding Bitcoin is its stability; as a currency, its value has been highly volatile on the market. As for gold, over almost two decades, its value has steadied encouraging regular investors and governments to invest in it. It seems that for Bitcoin to reach the same steady level as gold and counter-act its instability, investors will need to invest long-term.
3. Transfer and Fees
In this case, Bitcoin has a number of advantages over gold. This is mainly because of the anonymous feature of the Blockchain technology. In some cases, however, this could encourage illegal activities. The fact that Bitcoin uses Blockchain technology makes it better in preventing fraudulent activities.
This can be so appreciated since it records securely every single transaction made in its systems and once a transaction is recorded, it cannot be tampered with. This makes Bitcoin a faster, safe, and more comfortable way of transferring money.
Transferring gold physically can be quite awkward and slow as compared to Bitcoin which is transferred online within a few seconds. In addition, the fees charged when exchanging Bitcoin are minuscule as compared to gold. This makes Bitcoin far way more attractive as a mode of exchange in remittance markets.
4. Both Gold and Bitcoin are Mined
Yes, both Bitcoin and gold are mined. However, the process of mining is very different. Gold is mined physically from the earth while Bitcoin mining involves the use of powerful computer encryptions.
This fact means that both Bitcoin and gold are safe forms of currencies since they can’t be printed recklessly by central banks or any other entity.
5. Store of Value for Unstable Currencies
Bitcoin can be used as a store of value in countries with uncontrolled and volatile currencies. For instance, in Venezuela, Bitcoin has been widely accepted by businesses for smaller transactions including buying food and movie tickets. This is a counteraction to the country’s increased inflation: around 2616%.
Gold seems to have retained its value for centuries. Gold coins that were used hundreds of years ago are still valuable today. Maybe it is due to the long history of gold, but it does not look like its value will disappear any time soon.
In comparison, fiat currencies are at the mercy of the economy, big banks, and governments. No matter how much of a fiat currency you own (or how rich you are) if one of these three controls goes belly up, your worth does too. By owning gold or bitcoin, you are outside the reach of these controls, which makes them both so much more valuable than their worth lets on.
At the end of the day, many individuals and investors seem to like Bitcoin in the same way that people used to be intrigued by gold. The security, speed, transparency, and efficiency of Bitcoin systems are promising. Even in a massive global economic downturn, Bitcoin is most likely expected to thrive.
Featured Image: DepositPhotos/ outsiderzone
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Age of Rust is a blockchain adventure game being developed by SpacePirate. The game involves roleplaying, strategizing, and battling other players. The reward? Cryptocurrency.
Let the Adventure Begin
Age of Rust transports players to a dystopian future where society has collapsed. This is the Age of Rust. Players will explore a bizarre galaxy where they will have to survive mercenaries such as privateers, bounty hunters, and rogue mechs— the futuristic robots that have turned against humanity.
Players will travel to abandoned spacecraft, lost mines, secret bases, and hidden space stations to solve the mystery …
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