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RE: Blockchain Technology and the Future of Politics

in #blockchain7 years ago (edited)

Lots of good hope for positive change in this post. I like it. I did hear Richard Heart caution that if voting changes and could be done on a blockchain that votes would gain value. They could become more easily be bought and sold. Similar to what many of the US representatives do with their vote after we elect them to office and cast their votes for us. In reality they meet with lobbyists and adjust their votes accordingly to raise money. Having a measurable vote can be cashed in.

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You bring up a very good point. I wonder what a solution could be for this? Perhaps a limit per use? A voter pays a token for the voting slot and when the vote is cast the token is returned to the voter. There will always be naysayers those willing to give up at the first obstacles. That interent thing? It will never take off...

Since reading your comment I have taken some time to listen to Richard Heart, he brings up some very good points about the "value" of cryptocurrency. I always like to hear opinions from all sides. It seems to me that he is extreme anti-crypto and I'm open to his opinions why. Perhaps it will not be everything the hype is making it out to be but at the same time, I don't believe that it is nothing. I have changed my mindset from "We are already there" to "It holds huge potential". If I had a couple million to spare I would probably not invest more than 10% of that right now in crypto, and of that 10 percent it would be going towards AI/Smart contract technology.

I should caution he is a mixed bag. He was for about 6 months preaching as a bitcoin maximalist, but he lost his conviction at the last big crash. Some speculate he was just building a following to get some traction for when he releases his token. IDK, he talks a good talk but it could be high level con. Like yourself keeping my investment to the kind of money that I can afford to lose. Its a bet that might pay off or just evaporate (well get destroyed by the powers that be). Agree on the smart contract tech. Hadn't really looked into the AI investment.

All this is coming from a guy that made his fortune selling Viagra and Mortgage loans online, so yes a grain of salt is required. However, when he started talking about the technical aspects of the blockchains he made sense. Such as how buggy the ethereum blockchain is and why nobody has the trust into switching over to the technology before proper vetting. However his coin is based on this blockchain, so how pessimistic can he be really? I'm glad I had a chance to listen to him speak, thanks so much for your comments. I'm still completely stoked about monetized smart contracts. That I want to be on the ground floor of.