Blockchains allow frictionless, fast, safe, and fair transactions between parties worldwide. They limit the ability of parties to benefit at the expense of the greater economy. They allow integration of the entire world into a fair and level economic playing field. And will help us to create the fair, honest, efficient, and safe world we all want to live in says Paul Snow, CEO at Factom.com, in Bithub.pls #SundayInterview.
Is blockchain a breakthrough technology that can bring transparency to every aspect of social and political life? Or such a statement would be too far-fetched?
Political benefits are just to narrow for bitcoins to be used. I would rather just focus the likely of bitcoins to be fast and cheap to use rather than political motives. Bitcoins will mould the future of fast banking and the omission of the middlemen of the monetary industry.