Bitcoin Talk 009: Globalisation Only Truly Breaks Open with Blockchain

Globalisation only truly starts to break open when it reaches blockchain. In Jack Ma’s words: using business and economic logic to supersede the globalisation of the classical age, the globalisation of cultural exchange and political exchange.

In essence, cryptocurrency exchanges exist mainly to solve compliance problems — the on- and off-ramp problems while fiat’s corpse still retains some warmth. Once the fiat corpse is cold, the so-called centralised exchanges of today will have no reason to exist: a smart contract on a blockchain settles it. The future is decentralised exchanges, matched by smart contracts.

Bitcoin is a social experiment. Blockchain technology is also a social experiment. We are all blind men groping the elephant of this age. You’re feeling its crotch, someone else is feeling its arsehole — that is the charm of this industry. The blockchain industry is like the age itself: full of the unknown, deception, lies, conspiracies, and ideals. ​​​​

Blockchain began in the jianghu and flourishes in the jianghu. The technological breakthroughs and application development of the blockchain and digital-asset industry — the key breakthroughs will not happen in the temples of power, but in the jianghu: in the accumulation of consensus at the very bottom, in the silent majority’s shifting understanding of trust and of value.

Satoshi is a gentleman: a person written in capital letters, a person free of vulgar interests! Indifferent to fame and gain, formidable in execution, never courting the spotlight, quietly contributing his strength to the world. In raising children, raise them to be like Satoshi.