“Forget a jury of 12. You could put evidence up on the blockchain and have 10,000 people of all ages and backgrounds vote. That’s justice.” - Tai Lopez

(click to tweet)

Our systems are built on trust.

We trust our banks to hold our money, our schools to teach our children, and our government to protect our identity. We do this because we have to. How else would our world work if we didn’t have to trust other parties?

The answer is blockchain. And on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing the predictive power of blockchain technologies. By keeping a detailed, open-source ledger, blockchain is able to shed unprecedented transparency on all transactions. It’s about more than making money with blockchain. Rather, we should focus on the benefits this technology will create for all sectors of humanity.

Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“Imagine a restaurant that has dirty food. They should have an F but they pay the health commissioner $1000 and suddenly they have an A. Humans can survive in our current system, but we just live in a world filled with food poisoning.” - Tai Lopez

(click to tweet)

Points to Keep In Mind

• Depression/sadness is functionally adaptive, tells your body to stop doing the thing that is making you miserable
• Blockchain could rupture the fabric of the criminal-justice system to cause a more just system
• • Our current model with a 12-person jury is model of a centralized system, highly susceptible to corruption and bias
• For-profit prisons prevent any chance at rehabilitating our imprisoned
• • Donate to the The Innocence Project to help undo wrongful convictions
• Political voting would be tallied in real-time and discrepancies would be easily solved because of transparency
• Uber, though not on the blockchain, has a rating system that decentralizes the employee rating performance and promotes transparency
• Ethereum is considering forking into a proof of stake
• Proof of storage model is different than proof of stake and proof of work
• Smart contracts remove the human count or judgement from the system
• Blockchain will enable unprecedented stock market arbitrage
• Blockchain could power an intrapersonal lending system, so your peers lend you their excess money instead of banks charging $35 for $1 credit
• Blockchain technology makes it near impossible for people to hack things in secret
• • Decentralizing systems spreads out the mechanics, making it harder to manipulate
• Blockchain is not just spreading out location; rather, worldviews, ethnicities, gender, sexual orientation, etc.