Will crypto and blockchain be the downfall of the state? | Decoded

For centuries, banks and governments have acted as mediators between citizens and their money, granting institutions immense power over our financial transactions.
But times are changing. Enter the Blockchain, a new way of recording and securing transactions that promises to bypass the traditional custodians of our wealth.
But how does Blockchain work exactly, and is it going to cause a revolution?
For better or worse, we’re living through a huge moment in history as the world shifts towards digitisation and decentralisation, centuries after the Industrial Revolution brought about immense progress.
In this episode, adapted from the Arabic-language series Dahaleez, Amr Waked explores the power and potential dangers of the Blockchain.

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[aluisious]

Betteridge's law of headlines: if the headline is posed in the form of a question, the answer is no.

[camzcamara]

Watching this program always gives me more and more understanding of world we live and also how complicated it is.

[vikitheviki]

Crypto currency and blockchain is direct democracy and total privacy.

[WillMCarmo]

No, no, no ... just look at what Sam Bankman Fried did with FTX ! Why will a CRYPTOCURRENCY be allowed to cross into the US Dollar ? Cryptocurrencies should stay within the world of cryptocurrency.

[HellCatLeMaudit]

Peer to peer transactions are all good until someone decides to not play by the rules. Civilizations began when people trading with each other---making agreements with each other---realized there is always a need for a strong entity to enforce the agreements. That strong personality eventually became King.

[simonkaggwanjala]

Betteridge's law (of headlines) is an adage that states "Any headline that ends in a question mark can be answered by the word no." The sweeping generalization refers to the poor journalistic practice of writing sensational headlines in the form of a question in order to compensate for the author's lack of facts.

[prakritighodki]

Thanks Al Zazeera team for new valuable update. 🙏

[learning_with_irving]

What do Religion, Science, Government, and Utopia have in common? If we are all connected, the mark we bear is our currency.

[gjlite]

Not sure when some of the interviews were recorded, felt like 2021-22. It's unfortunate that blockchain projects like Bitcoin and Ethereum have been taken over by Global Venture Capital firms due to the costs involved. Now the World Bank is pushing for an International Standardised, State controlled CBDCs (Central Bank Digital Currencies) which are being trialled throughout the developed and developing world, the hope of blockchain returning economic power and personal freedom to individuals is fading fast.

[m.a.]

I was excited when I saw the headline...but unfortunately not what I expected. Cryptocurrencies and Bitcoin are two different things. Bitcoin will never need any institutions, especially no cyberplattforms!

[Uthman_Muhammad]

Strange thing is needing a mechanic when you're stuck in the sand!!! 🤔🤔

[theemporersnewclothes]

A wonderful plan until a solar flare... What about an electromagnetic pulse?

[extremehicker]

Good innitiative by the banks to have their choice of currency without people knowing. No wonder banks are silent coz they are the one who started it

[Crypto_Bird]

A little dramatic for a blockchain show but education is a good step forward.

[SH-bwfx]

Governed ? Yes
But of an other type ? Yes
Unregulated ? Never

[letssolvescience]

Ascent Exchange is a ve(3, 3) DEX that masterfully adapts Andre Cronje's initial vision of Solidly & Thena's Deployment on BNB Chain

[infinidominion]

Who gets to read and authoritize the information on the Blockchain?

[fifione]

I was really excited by the title, but the documentary is a bit too dramatic in the way it has been produced. There are too many pictures and scenes that do not add any value or new information at all. Also the explanation of block chain is not really considering people with a non- technical background - an example would have been useful. Disadvantages for Bitcoin are also not highlighted, e.g. money laundry, illegal transactions, tax fraud.

[acsody]

Watching this video is an experience of performance art, it's about feelings. Just don't look for factual information.😂

[TheRealRobertG]

What is this? …an ad for crypto? Where’s the skepticism?