From: "Jeffrey E." <jeevacation@,gmail.com> To: Subject: Re: Blockchain companies Date: Mon, 13 Oct 2014 22:11:34 +0000 Silly On Monday, October 13, 2014, Curious re: your thoughts on this... Global Guerrillas ci Blockchain Companies Posted: 10 Oct 2014 10:13 AM PDT wrote: It should be pretty clear that the economy we have today is holding us back. It's an amoral, debt-riddled system that is riven with corruption and wracked by periodic bouts of extreme instability. Worse, on its current path, the 'turking" future it's building for us is pretty damned grim. Worse, there's no way to fix this system. No reform is possible. The rot is in the foundation because it is has become obsolete. It's currently resting on assumptions that are as out-dated, limited, and as dangerous as the agrarian, aristocratic economy it replaced over the last couple of centuries. This means there's only one way to replace it. It can only be done through wholesale creative destruction. The new economy needs to grow in a way the old system can't corrupt it. The only vehicle that can do this quickly and in a way that yields a positive results is something called a blockchain company. A company that operates using the same tech that bitcoin uses. A blockchain company isn't like any company you know. It's not run organically (it doesn't have faux person-hood). It doesn't have CEO, COO or effing board of directors. It doesn't go to a fund or a bank for funding. It never floats an issue on Wall Street. Blockchain companies don't need all of that legal cruft and the parasitic overhead that comes with it. The entire company is simply open source software. It's built to provide a function and divide up the rewards of providing that function to the participants. A company like this runs as software, in the same way bitcoin is run: decentralized. That means the company doesn't pivot, reorganize, or recapitalize. It either provides a useful function it gets paid to do, or