Blockchain: The Future of Money Is Borderless, Autonomous, and Transparent
Imagine a world where governments compete for your citizenships. Bitcoin and Blockchain expert Toni Lane Casserly explains how this technology could anoint people over institutions. How Blockchain Can Empower Migrants and Refugees
Toni Lane Casserly is an American tech entrepreneur, artist and thought leader. She is a Young Star of Bitcoin and the co-founder of CoinTelegraph, the largest media network in the bitcoin and blockchain industries. She is a partner at BitNation.
As a philanthropist, Casserly co-founded Kids Compassion Charity when she funded a village to survive Ebola using bitcoin. As part of this endeavor, she put 14 children through school and has provided 14 orphans with a home.
Casserly currently works toward establishing digital currency economies, mesh internets and peaceful seasteads to help free citizens from the hands of war-torn, oppressive and corrupt leadership while preserving the planet. She serves as an advisor and/or board member to 6+ companies and funds as she simultaneously works in the field of human rights to establish digital currency economies, mesh networks and alternative governance structures in countries ruled by oppressive leaders and corrupt jurisdiction. She has been affectionately entitled “The Joan of Arc of Bitcoin” by her peers and various publications.
In the art sphere, Casserly is a recording artist and the founder of the “immateralism” (post art) movement, where she uses consciousness and lucid dreaming as a medium.
Toni Lane Casserly: We live in a distributed Pangaea. I mean we're all one continent once and what is a border? A border is like someone walking into your house with a can of gas and a gun and setting the can of gas down and looking at you and saying this is my house. And you're like what? Me and my indigenous family have lived here for centuries, like this is our house and colonialism says no, this is my house and if you don't want to go and like warship our deities and all these things then like you have options. And one is the gun, which could be for you, or the other is kick over the can of gas. I can just burn this down and you would have nothing left and then it would be much easier for it to be mine. And I have no capital issues rebuilding it after I destroy it. That's how we created borders. What?
What kind of a world do we live in where that's acceptable? And that still acceptable all over the world today, it's just a generally not as public. But it's nuts. And do I think that we will live in a fully borderless world? That's going to take a lot of change or a lot of time and we'll see what happens with the effects of climate change, which could fundamentally have some massive impacts as far as creating what I would call a civilized refugee crisis. But the way that we're starting to think about living in a borderless world is actually through one of my technologies. And it is founded by Suzanne Tempelhof and I'm a partner in the company it's called Bitnation. And Bitnation is essentially the idea of Facebook for governance or DIY government. And we start out creating a borderless society by actually working on a human rights platform for people who have been disenfranchised. So we use blockchain technology to give refugees a global identity, a one-world citizenship.
And we also do all of the E-identity for the government of Estonia. So we work within systems of government who are interested in using these technologies but in a way that fundamentally empowers every person on earth to exist to have the right to live, to exist and to be and to be recognized. So that's how we're starting this world that has the potential to at least for the time being have more fluid borders. And in the future I personally believe that the idea of government should be market based. People should be able to opt in and to opt out of systems of governance in the ways that they are able to provide for their people. So governments are actually what a concept, competing to be better, to take care of their people more than any other government. That is so deeply humanizing and I think it's absolutely necessary if we are to live in a world that is going to have any kind of autonomous self-governing organization. So yeah, our whole world is creating new holocratic systems of government and we start by giving it to people who need it more than anyone because those people should not be forgotten.
There are so many brilliant things and incredible things that distributed ledger technology can provide for generally the benefit of our entire human race. Like allowing people who are financially disenfranchised to have access to services that they would've never of had before like owning their own land titles, owning their own identity, being able to create contracts without third party interference. And in that way there's so much magic. I mean giving people who live in economies where their currency is so over inflated, and that's just out of their hands and out of their control. If you live in Venezuela, for example, and the exchange rate and the amount of inflation is so high that a bag of flower costs $313, that kind of a technology, distributed ledger, Bitcoin, the Internet of money, that's huge for those people.
And I think the serious cons of this could be, one, that a lot of institutions who are building distributed ledger technology are building in a way that doesn't necessarily expand the way that they're looking at this technology. A lot of people they're spending like millions of dollars building massive Excel spreadsheets not actually blockchains. And I think that's a very current issue. But in the long term if we are living in a world where all of that information is transparent or public and you're never able to delete something that you do and all of that information is not owned by the system that is the technology and you can't mask your identity or have your own privacy and everything you do, every step you take is monitored and held in the hands of a public organization, that's apocalyptically threatening. And I think that we have to make sure that this technology, and honestly based on the ethic and the ideology of which the technology is invented, it's very unlikely that it's going to be able to go in that way because of the impact, the positive benefit that it's actually going to bring to people around the world.
That's genuinely scary for everyone because it's not like you can go in and one person randomly, because they have a position of power, can edit something in or out, that's not how it works. So you have to preserve the integrity of the technology, which is that blockchain technology is borderless, it is voluntary, it is decentralized and it is immutable. And in being immutable it's extremely important that the technology remains pseudo anonymous. Because let's say you're living in an area where you are under the forces of a corrupt and violent government and let's say you are doing something, you are trying to lead a liberation and if you are cataloging your information in a way that is going to be forever capable of being seen and in a way that your identity is not owned by the individual but is owned by an institution, that's terrifying. That is a dystopian future and we cannot live in that kind of a world. So with these kind of technologies you have to realize that we're just at the beginning of what is about to be this balloon and blossom. And this is why it is so important for people to begin to practice and to own their own autonomy in a fundamentally different way.
There's not just one blockchain, and this is the beauty of the blockchain ecosystem is that you have a blockchains like the Bitcoin Blockchain, which fundamentally is like the most secure – it's the original blockchain. And the Bitcoin Blockchain is particularly interesting because the creator of the Bitcoin Blockchain, who goes under the moniker Satoshi Nakamoto, is invisible. And so you have actually from within the system no general singular point of authority. You don't have a benevolent dictator in Bitcoin because the creator, understanding the value system of what he was doing, or she, removed themselves from the project and essentially became invisible to the Internet, dropped off the face of the earth. Satoshi Nakamoto has had one last little bit of communication in 2011 to tell everyone that Dorian Nakamoto, who is this innocent Japanese man that was accused of being Satoshi and all of a sudden was thrown into the media to say that Dorian Nakamoto was not actually Satoshi Nakamoto please stop harassing him people from the press.
And so that's actually the beauty of the Bitcoin Blockchain and the way that it is not only ideologically constructed in practice but in action from the founder. But the Bitcoin Blockchain isn't the only blockchain, in fact there are many blockchains and there will probably be many more blockchains. And it's a healthy robust ecosystem for a lot of these blockchains to have interoperability. For example, there is the Ethereum Blockchain. And Ethereum is primarily used for smart contracts. And you essentially have people that are capable of creating apps like in the Apple App Store, except that those apps can have their own independent crowd sale and can be independently monetized by the people who use those applications and who believe in the ideas. So essentially instead of having a big VC funding around, someone can come in and say I really think that doing a blockchain based prediction market is fascinating and it's something that has only become possible because of blockchain technology. So instead of going adventure route I'm actually going to open up this idea, this technology that I built on the Ethereum platform, which is a blockchain, to the community. And I'm going to allow the community to fund this idea with something like Either, which is the currency of Ethereum. And in doing that we not only have the money to build but people also had the ability to become monetized as they interact on our platform and our system.
And so I think the future for blockchain technology is fundamentally because you have opt in principles it's like would you, if you had the choice, would you opt in to a restricted Internet? No. And so I think that generally people are going to move toward the ideas that inherently and fundamentally give them the most opportunity and the most freedom. But in my personal opinion it's healthy to have this robust ecosystem of ideas where many people can create, and fundamentally and the true nature of this technology being a market based invention people are able to choose. They're able to choose which blockchain provides the best services for them, what matches with their ideology how they believe and how they want to carry out their life. And so fundamentally it's not necessarily - I would like to believe that the wisdom of the crowds will guide us in the right direction for this technology because what is the value of something like this if it is not for the people participating in the system?
As a partner in BitNation and the founder of CoinTelegraph, entrepreneur Toni Lane Casserly is starting to think about a world with more fluid borders. Whether it’s through what she terms a "civilized refugee crisis" as a result of climate change, a refugee crisis as a result of continued war and conflict, or the progression of humanity's mindset (which admittedly will take much longer, if it happens at all), a technology is being cultivated to support such a world: Blockchain.
In the future, Casserly pictures something revolutionary: a market-based government. "People should be able to opt in and to opt out of systems of governance and the ways that they are able to provide for their people. So governments are actually – what a concept – competing to be better, to take care of their people more than any other government." In the video above, Casserly runs through the ways Blockchain and distributed ledger technology can empower individuals who are financially or politically disenfranchised, or whose identity and human rights are infringed upon by the government they were allocated upon the geographical accident of their birth. It’s a beautiful ideology at heart – whether it will fully materialize remains to be seen.
It happens every few years. Not just in Greece, but also parts of the United States.
- Aitoliko, in Western Greece is the town these images are from.
- Tetragnatha is the genus — known as "stretch spiders" because of their elongated bodies.
- They can run faster on water than on land. Don't panic, though: they will be gone in days.
Diners consumed 45 fewer calories per meal.
Travelers order meals using McDonald's restaurant digital menu boards self-serve kiosks with touch screen in passenger area at Terminal 1 of Humberto Delgado International Airport on September 04, 2018 in Lisbon, Portugal. Photo: Horacio Villalobos (Corbis)
- According to the CDC, obesity is costing the U.S. $147 billion each year in medical costs.
- The new Cornell study found that knowing calorie information helped diners eat less.
- Experts believe this could force chain restaurants to offer healthier, low-calorie options.
Of all the dietary trends, superfood cleanses, high-intensity workouts, fad pills and powders, and metabolic superstar programs guaranteeing weight loss, one tried and true method continues to be a sound means for maintaining a healthy weight: reducing your calories.
A Cornell study, published in August, has discovered that restaurants that list calorie content help customers moderate the amount of food they consume — albeit, by a little. Still, a little can go a long way once you become accustomed to it.
The research team of John Cawley, Alex Susskind, and Barton Willage set up shop in two restaurants for a randomized field experiment. Two different groups were then told to order: a control group with normal menus and a treatment group, which read from menus featuring calorie information. By the end, 5,500 diners contributed to the study.
The treatment group ended up ordering 3 percent fewer calories than the control group — a result of 45 calories per meal. The biggest effect seems to be on consumer awareness. The researchers noted that customers were surprised by how many calories basic meals, such as a tomato soup/grilled cheese combo, has. They continue,
The findings come at a time when most Americans don't have a precise estimate of how many calories they're eating, because one-third of their food is prepared outside the home. At the same time, the obesity crisis in America has reached epidemic proportions; the prevalence of obesity in adults has nearly tripled in the past 50 years, to nearly 40 percent of the population in 2016.
This follows a law requiring chains with 20 or more locations to post calorie content on menus and menu boards, which went into effect earlier this year. The move was set to launch in 2011 as part of the Affordable Care Act's requirements, yet pushback from lobbying efforts delayed its implementation.
Part of the gripe from restaurant chains (especially pizza establishments) is that it will reduce profits. Yet in the Cornell study researchers found no evidence of monetary loss between the groups. In fact, healthier options often cost more than junk food. That said, patrons realizing which restaurants are not healthy could have a ripple effect. Though the Cornell study is an outlier — other studies have found that the calorie content does not change minds — it might be pushing restaurants to offer more low-calorie options.
Photo: Hero Images
The cost to restaurants does not nearly equate to those on our medical infrastructure. According to the CDC, obesity is costing the U.S. $147 billion each year. This involves direct and indirect medical problems related to being overweight, including cardiovascular disease, type 2 diabetes, immune system-related problems, and many other ailments.
John Cawley, a professor of policy analysis and management in the College of Human Ecology at Cornell, views the calorie listing on menus as an easy to implement solution.
It's a cheap policy to put in place, and the fact that there is a reduction in calories ordered makes it appealing.
While not the only solution, it's a step in the right direction. Awareness is a catalyst for change, and one thing is certain: we can't keep heading blindly in the direction we've been going. The consumption of unhealthy high-calorie foods, beginning with the frozen dinner revolution of post-World War II America right up through pumpkin spice lattes, has made us a sick and diseased nation. Every calorie counts.
We're more dependent on them than we realize.
- Scientists says our survival depends on biodiversity.
- A natural climate strategy we often forget.
- Seeing our place among the Earth's living creatures.
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