A new economy begins with a new kind of money. If you’ve managed to live in something close to a gift economy: congratulations, you’ve made it! This only works for some of us, though, living in relatively small communities, and not on a global scale.
- Economy. The blockchain allows us to securely store and move our own money with no need for intermediaries. This automatically renders the current financial system useless, and is only the beginning of a new way to organize the whole economy.
- Politics. If we use banks and pay our taxes, the government will do whatever they please with our money, or maybe what the banks please. If we instead use our money to support the projects we would like to see happen, they will eventually happen. What matters here is that with the blockchain we have the real freedom to choose between supporting central governments or supporting a new, distributed way to organize our lives.
- Culture. Decentralizing technologies empower the p2p network society as a new way of thinking and doing that’s quickly replacing many old-regime institutions and central authorities.