Post
Topic
Board Bitcoin Discussion
Re: Human society is migrating to "math governance" through Bitcoin.
by
NeuroticFish
on 06/07/2021, 07:04:20 UTC
bitcoin is governed not by code. but humans willing to run the code.
yes the code is the lawbook. but the lawbook only works by the will of people using it.

This is the main paradigm shift imho. People start to trust the code in a more open manner.
The code is already present in car manufacturing, in stock markets and many other fields, but usually there are humans taking responsibility if the code fails.
In Bitcoin one trusts his money to the code and if the code fails (most probably not gonna happen) or the human misuses the code (from sending to wrong address to being careless with private keys) no reimbursement will happen.

Of course, most people investing into Bitcoin are not aware of this subtle change, but I think that this is the direction OP is interested in.

we also need to understand some of its essence.

Indeed, but an overly estimated 7% from the 3% of the world population is ... 0.21%
So ~ 0.21% would actually care. Too few to make an impact.

It will change every aspect of our society.

It may. Far in the future. For now, all this is seen only as buzz words with no tangible meaning.
The increased use of blockchains in various fields will help, as long as they're used in a well thought manner and not just because blockchains are trending today.