RE: What is Blockchain Technology, and Why Does it Matter? (A Beginners Guide to Understanding the Value Behind Cryptocurrencies)
Thank you for the great, informative post. It hopefully will give value to more people than just me.
Some personal thoughts:
The Blockchain technology will revolutionize the way "money" is transmitted and especially controlled.
I do actually think that it does help to show the building blocks of our current financial economy, by giving users open access to the functioning of a financial system.
This gives them the opportunity to truly question our current system, and see the flaws it contains.
Further, I think that all the big organizations, which currently centralize a lot of knowledge and power. Will eventually collapse, because upcoming tools like @steemit, utopian.io, Appics, Matryx and many others, will decentralize the way collaboration is done. Thereby, stopping the need for institution-like networks, and opening a new world of global-collaboration.
Also have a look at my recent post: A Review of Matryx: A decentralized collaboration platform
I'll be sure to check out all of the things you mentioned. Thanks for the well thought out reply. :) I should also amend a point in my post where I stated that all cryptos are finite. I know Monero has a infinite capacity, if I remember right now. (Going to read your post now!)
Thanks for the appreciation. What do you exactly meen by finite? Their algorithms or the number of existing units?
Thanks a lot for reading the post, and have a wonderful day!