February 12, 2020

The battle of Bitcoin with state control

The issue of the technological future is quite relevant, for example for 20 future years. We can imagine the implantation of microcircuits, mass surveillance, and identifiers associated with an account in digital currency, for continuous tracking of every conceivable transaction. So in a recent interview with Alex Gladstein for the podcast, Unchained expressed his thoughts and feelings about this topic. 

It would be foolish to disagree with the idea that today we are already seeing tremendous progress in using AI in many areas of human existence. Technological progress has long been helping us save our resources: money, time, and power. In a way, this is pushing society far beyond effective systems, and the new anti-utopia uses big data to manage people. But to cancel this progress and abandon all the benefits that AI gives us to become so difficult that it is almost impossible.

In “another corner of the ring” are Bitcoin (BTC) and the techno-utopia of anonymous and pseudonymous everything. While the two extremes seem equally unlikely, Gladstein says ongoing efforts in the cryptosphere are laying the groundwork.

“What is happening in the field of cryptocurrency business, in particular, the tremendous progress and development of Bitcoin, this is what plays an important role in the issue of openness and positivity of our financial future,” says Gladstein.

Firstly, the value of Bitcoin should be understood far beyond its price tag, and it will have to surpass the approximately 45 million people or 0.058% of the world’s population that today use BTC.

Of course, the issue of global education, as the main engine in the implementation and adoption of Bitcoin, remains very important and lies on the shoulders of industry leaders. Here, it’s worth mentioning the need to increase the usability of digital assets, as well as focus on privacy solutions and ways to scale the network for the mainstream.

He adds that another major priority is integrating Bitcoin into a platform like Twitter so that users can protect their identities and reveal “an absolute minimum” about themselves.

Disclaimer

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

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