Anytime a government issues a license, whether it be a real estate agent, an attorney, a doctor, or a hair dresser, a third party has to verify that license. With blockchain technology, in theory, the hair dresser's clippers wouldn't function if the license is invalid. That is an extreme example to illustrate my point. Blockchain eliminates the third party. With currency, the third party is a bank. The public ledger validates the exchange just like the public ledger validates a license.
Nothing from the above seems unjust or illegal. It happens currently, just slower and done by human verification.
What would the NRA say about validating all gun purchases on a blockchain?
They would be against it and attempt to litigate it.
There are thousands of very functional reasons that blockchain will be used outside of Bitcoin. As you start to think about them, they get very scary.
Yes and a equal amount of beneficial things.
When you think about the immediate response of the blockchain, does that enhance your idea of freedom, or restrict it?
Freedom is a separate issue from all prior conversations. This is a Bitcoin forum.
The blockchain was "created" to facilitate the ability to have a"trustless online currency".
If the blockchain will one day be used to enslave humanity, that is very possible.
But it is also possible certain laws will be created to protect peoples rights in the blockchain.
It could be like a "human blockchain civil rights".