Blockchain Reinvention

Individual freedoms are important to most Americans. We believe that some type of representative democracy is an insurance against dictatorship. We value our freedoms and we believe that they are conductive to a free society, innovation, progress and a better standard of living for all. It is apparent that when institutions public or private, are centralized and become more powerful they  attract people interested in seeking power. The concentration of power at the top of these organizations often leads to abuses of power. The majority of people, who earn their reputation and remuneration in life by servicing other people are not interested in acquiring power and control over other people. We all benefit when our neighbors and friends are happy, free, honest and successful. The average person builds, creates, innovates, learns, solves problems, risks, invests and provides products and services to others, values other people freedoms, may be self-reliant or more so...

De-centralization i s one of the buzzword s o f blockchain technology: companies and web sites have sprung up that includ e th is word as part of their name. De-centralization has been touted as a most advanced feature in fintech. The acronym DLT (De-centralized Ledger Technology) has become a synonym for blockchain in the fintech permissioned environment. Few realize that de-centralization is itself the problem. This concept has kept blockchain technology stalled for many years. Let me explain. In the 1960s, computer systems were centralized, or configured as a star network. Only in the early 1970s did the need to connect computers from multiple manufacturers become urgent. At the time, the nodes of the few existing communication networks were typically organized hierarchically, but from the very beginning the protocols implemented in the nodes of the ARPA, RPCNET, PISA and other groundbreaker networks preceding the internet were designed with the general idea that no c...