How Centralization Takes The Power From You with Nick Spanos

“The promise of a decentralized world is how can we have the same benefits we are used to getting from centralized entities, but in a decentralized way where the power remains in the people.”

(click to tweet)

All industries are centralized.

To grow and scale, a company or entity must form some sort of governing board that sits at the top of the hierarchy. There, at the top of the pyramid, decisions are made and passed down through the rest of the network. This is how the model has historically worked since the Industrial Revolution, but now blockchain technology aims to change that.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Nick Spanos. He is the Founder of Bitcoin Center 2013 and Former Director of Contract of Ron Paul 2012. His visionary project zap.org aims to build real-world data into the blockchain. Listen to his insights here to learn about how blockchain technology can change the world.  

This is a snippet from the Tai Lopez’ paid Bitcoin Mentor Mastermind program. To sign up, go to tailopez.com. And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“The cost of connecting the world, the cost of having access to all the world’s information, is that a handful of corporations end up having all the power.”

(click to tweet)

Points to Keep In Mind Blockchain will distribute authority into self-governing regions The cost of connecting the world is that a handful of corporations end up having all the power zap.org brings real-world data into the blockchain People can fill the smart contract to reward organizations that push for certain laws to be passed The promise of a decentralized world is how can we have the same benefits we are used to getting from centralized entities But in a decentralized way where the power remains in the people Centralized information organizes the world but corrupts by putting too much power in the hands of the decision-makers The CEOs of Google, Facebook, and Amazon have more power of controlling data than anyone in history