Editorial: Blockchains Will Become the DNA of Our Future Society

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An Editorial from Co-founder and co-host JJ Epic. Views expressed here represent only about one third of the shows views.


Darren and I started Neocash Radio to talk about Bitcoin and Cryptocurrencies as our main focus. Talking about the future of money today. What we ended up talking about was the future of technology, the future of software development, and the future information security.

While on one hand you have a few ever growing corporate behemoths on the other hand you have an array of new innovations created by individuals. The old model and the new. The old model required the consolidation of resources due to the scarcity of those resources. The resources include people and equipment which made sense to pack closely together into localized hubs. The new model is a sea of individuals directed by their own desires and passion, each working on a very small piece of a much larger puzzle. Like individual cells in a larger organism.

Bitcoin and open source development have created a new kind of money. A currency controlled by a protocol and a distributed ledger — a blockchain. Blockchains will become the DNA of our future society. A log of all the decisions made, the consequences, and the resulting sum. Using this technology for money was a master stroke. Now that the Blockchain is proven and widely adapted money will never be the same.

But it’s not really about money. It’s about the action created, the signal sent, and the time spent. Ultimately time is the only real currency. The rest are tokens for convenience. Or tokens of time, as in the hourly wage. What we are actually talking about the the future of humankind today, the future given the effect of the human actions created up to and including now. Whether sitting in front of a TV or driving a race car, in each case an action was created, a purchase was made, and time was spent.

With time, everybody starts out rich and ends up poor.

With near-instant communication, open source development, blockchains, and the rise of peer-to-peer protocols humankind can more closely mimic a well known, durable, proven system: the human body or carbon based organisms in general.

Individuals working together like cells forming an organ, all part of a greater organism. The Blockchain is the critical component. Like DNA, everyone gets a copy and there is no need to trust someone else. You can trust the DNA.

The trust that comes from the Blockchain is a by-product of consensus. The nodes and miners build a block through consensus and the network verifies it. In mere seconds a decentralized open source protocol gets everyone to agree on the same thing. A feat no man could hope to accomplish. With a divergent spectrum of proven and emerging blockchains, the future of choosing the right blockchain for you might look like trying on shoes.


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[VIDEO] Decrypting Bitcoin: Blockchain Technology Explained

Two of the co-hosts of Neocash Radio—JJ Epic and Randy Clemens—created this video to explain the benefits of using Bitcoin, as well as to provide an informative overview of how Bitcoin works under the hood to someone who may have never even heard of it.

If you’re new to cryptocurrencies: WELCOME! And if you’re an expert, we hope this intro video will be a valuable tool that you’re inspired to pass along to curious friends and family!

Through our new media studio—5th Quill Studios—we will be producing more in-depth videos to explain Ethereum, DASH, Steemit, and the Federal Reserve soon! (We’ll also be upgrading Neocash Radio to be a video podcast in the coming months!)

Bitcoin is so much more than just an electronic payment system…

Many call cryptocurrencies like Bitcoin “the future of money,” but a majority of people don’t really know much about them. What are cryptocurrencies? How do they work? How do you get them? Where can you use them? And what makes them safer, faster, and often cheaper to use than cash or credit?

We created this helpful video to answer these questions and more, walking you through an in-depth overview of this paradigm shift in money. You’ll see how Bitcoin is already benefitting millions of users across the globe, and you’ll learn how you can be one of them.

Join us as we decrypt Bitcoin, from its enigmatic beginnings in late 2008 to a look at its promising future. We’ll also explore the breakthrough technology underneath Bitcoin—”the blockchain”—and how it can change more than just our relationship with money; it can transform our societies, our governments, our businesses, and possibly our every interaction. Continue reading

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Episode 108 – Another One Bites The Dust

The Zimbabwe dollar is on its final leg. The New York BitLicense is causing businesses to avoid the empire. Crowd funding used to fund war in Ukraine. BitReserve drops their fees. Openbazaar gets funding. Terrorism charges for a 17-year-old boy in Virginia.

 

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Episode 78 — International troubles and cryptography

Bitcoin based login.  Venezuelan arrests to enforce price controls on basic goods like vegetable oil.  ISIS announces plans  for own currency.  Canada mulls over digital currency. Anyone remember Mintchip?  Counterparty recreates ethereum’s smart contract platform. Argentina raids banks targeting money laundering and enforcing currency controls. Russia considers lower penalties for bitcoin activities.


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