Destroying Orwell’s Dictum with Decentralised Publishing

Destroying Orwell’s Dictum with Decentralised Publishing

This is truly what makes blockchain dangerous to the establishment

In this article we ask the question. By what means could we break that most notorious dictum of his “Those who control the present control the past, and those who control the past control the future”. And what could destroying Orwell’s dictum could do for society?

Bitcoin is now the 6th most valuable circulating currency in the whole world, and it did this in about eight years, with only about 0.01% of the world’s population owning or using it.

Despite its growth, bitcoins strength doesn’t come from its use as a currency, or even its use as a store of value, it comes from its immutability. That immutability is enforced by a small portion of the 0.01% of the world’s population using bitcoin. Even with such a small amount of enforcers, nobody, not even governments can change something that is on the Bitcoin blockchain. Imagine if, like the internet, Bitcoin was used by 50% of the worlds population.

What Bitcoin and Satoshi have done is solve the byzantine generals problem, a problem long thought un-solvable. Essentially the problem is.

How do you achieve consistent and full consensus between individual parties?

This breakthrough allows a publisher not only to publish information but verify the provenance & integrity of the information. Consensus makes fake-news and propaganda much harder to achieve.

One notable publisher has spoken about this hidden innovation, Julian Assange. He wrote in an AMA on Reddit on the subject of Bitcoin & Orwell’s dictum.

“Bitcoin is an extremely important innovation, but not in the way most people think. Bitcoin’s real innovation is a globally verifiable proof of publishing at a certain time… The blockchain nails down history, breaking Orwell’s dictum.

When decentralised blockchain technology becomes as prolific as twitter, we will be in the midst of a paradigm shift. History could not be re-written, white-washed or lost. Every interaction would be recorded on a blockchain for you to look up, audit or cross reference, or verify to another individual, if you so wish. These interactions could be groceries, spending, news coverage, work achievements, fitness, qualifications.

Obviously these kinds of chains would be very different to the bitcoin chain as there is no direct financial incentive when it comes to securing and running these chains, that is why i think its important, that bitcoin, the financial incarnation of the blockchain came first.

But blockchain was not always called blockchain , in fact the term was introduced after Satoshi disappeared. Satoshi, when talking about his creation, used the word timechain.

Published at Wed, 23 Oct 2019 23:58:16 +0000

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