Bitism is growing in popularity largely as a result of the meteoric rise of Bitcoin. However, Bitism concerns much more than a new form of money. Bitism is the worldview that sees the universe as made up of information, and contends that the way in which we deal with information needs to broaden. For most of human civilization, information has been controlled and hidden by ruling powers. There are some good reasons for that, of course — with a lack of education, most people weren’t able to properly participate in the managing of information. But we are entering an age where rationality can grow ascendant, and with it, access to free exchange of ideas and assets. In the future all information will be transparent and verifiable. This will likely be achieved through some version of what today is called a “blockchain.”
While the concept of the blockchain is very young (circa 2007), it has philosophical antecedents in the Age of Enlightenment. Prior to the advent of empirical science, information was seen as provided from a central source, usually the church or royalty. Flipped on its head after the scientific revolution, information was subsequently seen as flowing from the bottom-up, giving rise to conceptual structures in an organic sense, and never fully-formed, always evolving.
Although this type of thinking has made strides in the intervening centuries, there have been a great number of setbacks, largely deriving from the fact that information is so easily hijacked by ruling powers and also by the faults of human impulse, intuition and emotion (what Daniel Kahneman called “fast thinking” as opposed to “slow thinking”, which requires much more effort). The development of new technologies such as the blockchain will ultimately make all interactions recordable and verifiable, and so far less easy to manipulate.
Although it’s a challenge to incorporate Bitism into one’s daily life currently, we forsee a time when the increased rationality and trust in the system will afford Bitists a greater peace of mind and sense of security. Bitists have a lot in common with Informationists, in that they develop their rational minds and learn to identify biases so that they can more clearly make accurate sense of the world.
In a world where public and private ways of living are two options, you have to choose from, blockchain technology comes in handy in balancing the equation.
— Olawale Daniel
Understanding block-chain makes you go mad, unless you start your own cult.
― Arif Naseem
Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.
Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.
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