This is the sixth video in our series called “Bitcoin as a Disruptor”. When people talk about bitcoin, they talk about a revolution. But Is it really a revolution to have lower fees on credit cards and remittances? While these are big changes, they are hardly revolutionary..
Now we begin to look at the even bigger picture, the jaw dropping changes that bitcoin could provide in what we would call a revolution.
Source World Bitcoin Network
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.
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.