Anonymity is great. And Bitcoin provides anonymous payments better than anything we’ve seen online. But what few realize is that Bitcoin also does transparency, and it does transparency better than anything we’ve ever seen in human history. This transparency is the focus of this first video looking at bitcoin as a revolution. Because bitcoin is the first ever tool (in human history) that can provide provable transparency, we could finally see transparency explode via the free market (competitive edges given to those who disclose). This one simple change seems innocuous but it could have major repercussions.
Intro:
When people talk about bitcoin, they talk about a revolution. The trouble is, many people can’t even figure out what the revolution is. Is it really a revolution to have lower fees on credit cards and remittances? While these are big changes, they are hardly revolutionary. This series begins to look at the bigger picture, the jaw dropping changes that bitcoin could provide. And no future may be stranger or more earth shattering than the inherent capabilities of bitcoin to provide a free market for transparency. And this isn’t transparency like we are used to, this is the possibility of absolute financial transparency. Not only would it eliminate the need for the IRS, but it stands to erase corruption and improve government. Amazing stuff. Hope you enjoy.
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