Hard Promises, Soft Promises: Promoting Autonomy instead of Authority

In addition to what I blogged about yesterday, about the European Central Bank wanting more control over Bitcoin, Andreas Antonopoulos talks about Hard Promises and Soft Promises, about Autonomy instead of Authority. 

I am definitely with him. Bitcoin's Blockchain feature of unalterable record of all transactions is not a weakness. It is a strength. Do not change it. Being able to change the details of transactions is like being able to change how history is written in textbooks. 

I like the example he gave of the Wells Fargo Executive who defrauded people, profited from it, and was not hold into account for his crimes. And this is in the USA, the land where the financial, political institutions are supposedly strong and of integrity. 

Have you seen the video? What are your thoughts on it?


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