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RE: The most exciting thing about blockchain!
Great Read!
Blockchain technology is definitely going to change the world as we know it. I don't like the idea of telephone logs being publicly visible though or the visibility of meetings either. I do feel that this would definitely be a privacy concern for a lot of people though.
With regards to the bitcoin wallet on the hard-drive have you not attempted to recover it yourself? I would not be able to cope with that ha.
There is a how to article that might help which can be found here
Thank you!
About the telephone logs or visibility of meetings, all those things are currently already being “logged”, just they’re not directly made public, you need to make a request to get that information. So, if we start using a public ledger to log these things, we can set it up for example that only parts of the telephone number are given, or everything is anonymized with only the metadata visible, like time of call/visit, duration, etc. And if you’d like to actually know who called or visited, you need to make a request like in the US using the Freedom of Information Act, or in the Netherlands the WOB (Wet Openbaarheid Bestuur) to request that specific data.
About the hard-drive, it’s an external hard-drive that doesn’t even turn on anymore. I can’t really tell you what’s wrong with it, but the thing is, even if I can make it to turn on, I don’t even know if I would have the (private) keys for the wallet. In that time, I wasn’t really aware of the value that bitcoin had, so I just bought them to essentially just see what all the fuss was about.
But to tell you the truth, I can cope because that hard-drive now has also become a symbol for the fallibility of the technology too. It’s too depending of energy and other technologies. That’s why I believe bitcoin/cryptocurrencies are here to stay, but they can never replace gold or fiat currencies. They are just going to become part of our global (financial) system, not a replacement of the current (financial) system we have.