Blockchain Revolution

2.
Distributed Power
Principle: The system distributes power across a peer-to-peer network with no single
point of control. No single party can shut the system down. If a central authority
manages to black out or cut off an individual or group, the system will still survive. If
over half the network attempts to overwhelm the whole, everyone will see what’s
happening.
Problem to Be Solved: In the first era of the Internet, any large institution with a
large established base of users, be they employees, citizens, customers, or other
organizations, thought little of their social contract. Time and time again, central
powers have proven that they’re willing and able to override users, warehouse and
analyze user data, respond to government requests for data without users’ knowledge,
and implement large-scale changes without users’ consent.

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