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A Film by Manuel Stagars THE BLOCKCHAIN AND US In 1903, the Wright brothers invented the airplane. It was hard to imagine then that today, there would be over 500,000 people travelling in the air at any point in time. In 2008, Satoshi Nakamoto invented bitcoin and the blockchain. For the first time in history his invention made it possible to send money around the globe without banks, governments, or any other intermediaries. Satoshi is a mystery character and just like the Wright brothers he solved an unsolvable problem. Whenever this happens, it inspires incredible innovation. The concept of the blockchain isn’t very intuitive but still, many people believe it is a gamechanger. Despite its mysterious beginnings, the blockchain may be the airplane of our time. Chapter 1: First Contact With The Blockchain I found out about blockchain first as most people around that time were through bitcoin. Personally, at first I thought bitcoin was a terrible idea. I was teaching at Stanford back in 2010 and a teaching assistant for the class sent me an article. She said “There’s this really cool thing, it’s open source money.” I remember thinking “Open source money, isn’t that cool but it will probably never work.” I did what most people do the first moment they are exposed to bitcoin. I discounted it. I thought this was silly Internet money you could mine it, it’s like a golden goose. It took me about a year to really re-explore the technology. By 2012 I did what I tell most people to do today: Turn off your phone, lock your door, and study this technology for a day. It’s the best advice I could give. I was on a sabbatical from work. I decided I take a year off, live off some savings and figure out what I want to do. It was there that I discovered this little orange icon with a B in the middle and said “What is this strange thing.” I started looking… Bitcoin… interesting. That was about 2012/2013 and I haven’t left this space since. I continued further down the blockchain rabbit hole if you will and I’ve been pleasantly surprised and had no reason to crawl my way back out and find another technology. There’s a point at which you almost can’t stop. It just gets so interesting and you’re so fascinated by it and you just want to learn more and more. Even to this day, there are new developments and new ways of solving problems, new approaches and it’s very exciting to be in this world. It feels really exciting to be involved in blockchain. It feels like we’re at the forefront of something that has at least the potential to transform our interactions between each other between corporations, the underlying infrastructure of both the private sector but also of government. For me part of the fascination is that we don’t yet know exactly what this thing is and yet, there are still lots of people gathering around it. I thought of it as a space rock that crashed on earth. You’d have a bunch of people that gather around and they’re all pointing and asking “What is this thing?” You don’t really know but it’s still very interesting. Chapter 2: Blockchain Technology For me, the blockchain has two main technical ingredients. One ingredient is cryptography. When I say cryptography, I really mean asymmetric cryptography. The other ingredient is so-called distributed systems. These are the two main things. If you understand them you understand all the technical details of blockchain or bitcoin. You have the ability to create records that are indelible. You have the ability to transfer value by making updates to those records. And you have the ability to automate updates to the records through these things called smart contracts. That means potentially that you could transform the structure of financial services. Today there are all sorts of institutions that exist to maintain sets of records. To be “trusted third party” in industry parlance. That role is potentially fundamentally reshaped. Blockchains are networks. Networks that we see today Alibaba, AirBnB, Uber… those are interesting networks but they are centralized. Here, you’re going to have networks that are decentralized that are working more as a cooperative. I think some of the challenges will be what are the economics of those networks, what are the economics of certain blockchains versus today’s discussion which is all about the technology. I think tomorrow’s discussion will be about how do you build network effects off of these new railroads. What’s especially interesting for me is that it was a grassroots movement from the technology sector. Not a movement of established businesses trying to find a new selling point. It’s really a bottom-up movement from us geeks. It’s one of the most amazing things in science that happened in the last 100 years that this thing is actually possible. You can digitally sign transactions or other kinds of information so that you can prove that you actually signed this. It’s much more secure than these curvy, wriggly signatures that we use every day. It will probably replace those things soon enough. Chapter 3: Influence Of The Blockchain We spent two years trying to understand this space and what it really meant. We found that it meant a lot more than just another digital currency. As the blockchain became more influential in our thinking we began to realize that it was a profound shift in how the Internet could be used to create new forms of value and how it could be used to enfranchise and include people in global finance. We’ve had the Internet for years now and on the Internet, still nobody knows whether you’re a dog or not. Identity fraud is completely out of control. So the area where we need some new thinking is in the identity space. Maybe the technology brings something new into that space. And we need it fairly quickly because we haven’t fixed the identity problem for people but we’re about to put ten billion, trillion, gazillion things on the Internet. We can have a trust relationship without really having ever met each other or having done business at all with each other. I think that’s fundamental. Security is another. Blockchains are military grade cryptology and they’ve never been cracked. When you hear about hackers stealing bitcoin they’re not stealing from the blockchain itself. They are stealing at the point of entry at the wallet or browser level where they intercept messages. But the blockchain itself is very secure. The Internet of Things will probably be the best test case for a lot of blockchain technology. Because if we’re going to have millions or billions or trillions of Internet-enabled devices doing everything from driving us around to managing our affairs to monitoring our health, they need a way to move and store and manage value and data that has value in a way that is secure and private. Right now we don’t have that. I’m concerned about the ubiquity of data and how it flows in and through Internet-connected devices. I think with a value platform like blockchain we can at least address some of these problems and maybe even create new opportunities. Chapter 4: New Business Opportunities We cannot sit in our office and study of course we do that as well but we need to go out and participate in this whole blockchain community. Honestly, what’s very new to me especially regarding younger persons in my team is how enthusiastic they are about that. If there is a hackathon, for example they never come to me and ask if they can go there and get some money for that they just go. They’re so interested. They just go and participate and share what they learned, and we have further discussions. This is really a new way, also for us to deal with new technology. We’re in the middle of it, nobody tells us what to do. It’s really we together shaping what we stand for in the end for blockchain. We need to be much more technological. We need to have an awareness of how something is programmed so we can check if the programming is correct. This might be a capability that we have but not in the way it’s needed in the future. In the future, you always need to have a technological link to things so you can understand them. Otherwise you always need your IT guy sitting next to you helping you in the understanding of the problem. This is not something that’s going to impact one of two industries it’s going to affect every industry in the same way the internal combustion engine affected almost every industry or the Internet affected almost every industry or the steam engine created new industries. This is one of those big generational technology shifts that requires a concerted and focused response. Otherwise, you will miss the boat. We are all, also in the financial services industry trying to recognize that we don’t have to be defensive but we rather have to embrace not just this technology but this enabler it brings us to access a vastly underutilized or undiscovered market that we have to do business with on an eye-to-eye level. We talk to all sorts of senior executives in financial services and often the say “We looked at bitcoin, we had smart people come in and explain how the blockchain works but I still just really don’t understand what it means for my business.” I think that makes sense in a way because if you think about an iPhone, for example: What’s really important, when a new iPhone comes out? Is it the new chipset or some new way of compressing frequencies? I’m not an engineer and don’t know how any of that works. What matters to people is what they can do with the technology. Of course, success is in now way guaranteed. One day we may look back on this and say “Oh, wasn’t that great…” But: If you ask me, there is undoubtedly a huge amount of progress that has been made. There’s something here. I find it hard to believe that I’m going to look back in ten or twenty years and say “None of this ended up happending.” Because we’re really seeing a new way of transacting value on the Internet. Chapter 5: The Blockchain And Banks I know how big financial institutions work. They’re not going to do something reckless with technology. This is people’s money and livelihood they’re working with. These are slow upgrade processes. These systems, once they get implemented, will run in parallel with the old systems for a while before you have a switch over to the new one. That’s standard in technology upgrade. I knew this was going to take time. But there are antagonists, players who are threatened. It’s the AT&T/Verizon/Kodak analogy again. Their business model is threatend by this and they’re going to do things to slow down and water down the transformational networks. There is a game theory approach to how the technology is being rolled out in the markets, for sure. We made different roundtables here in Zug after the start of our bitcoin experiment. For example, we invited banks and bankers from Zug and tried to connect them with people of the “Zug cryptovalley”. They were talking, but the bankers were not so happy. They said there were different things with the law and “It’s not so easy for us.” But it’s also a question of attitude. It’s the same as for our city, for our administration: banks have to get ready. I know that in a way they are defensive but on the other hand have research and teams that face these questions. Maybe they are waiting a little bit now but they can’t deny it, I’m sure. I think there’s going to be a lot of disruption a lot of revolution with respect to blockchain-based technologies. That’s going to drive not necessarily banks worrying about other banks being competitors. What banks worry about is the “bank of one” the next generation of a banking network that’s resident on a phone, that’s decentralized, distributed and that’s based on a digital token, a digital asset that’s not issued by a bank or government. It creates all these different permutations and opportunities not only for enterprises and governments but also for society. We see a lot of example of banks and consulting companies and other Big Four audit firms talking about how they can strip cost out of the business of—I don’t know—trading in public markets or whatever it might be. But if you take the example of public markets: How can you cut cost out of a market that doesn’t exist in the future? What if the trading of securities happens peer-to-peer in the marketplace that doesn’t have traditional intermediaries of exchanges, brokers, agents, escrow agents, clearing houses and all the other parties we rely on? That’s the cost you’re cutting out but what if the market can function without them? The important thing for leaders of big companies is not just to think about cost but also to think strategically. What can this technology enable me to do that I wasn’t able to do in the past? I think it’s going to take a long time for it to weave its way into the system. It may take a normal tech upgrade cycle for it to fully weave its way into the system. I have said publicly I think within twenty years financial services will be just software and the smart contracts technology in particular is going to automate a lot of the things that institutions and people handle today. Chapter 6: The Blockchain And Financial Inclusion Seventy-four percent of the world’s population according to the World Bank does not have access to basic financial services. In my home country, in the United States of America, which is one of the wealthiest countries in the world, about fifty percent of the population does not have access to basic financial services including bank accounts. There’s a huge amount of people around the world that don’t get to experience and be a part of the global economy because they don’t have access to the financial system for a variety of reasons. I do think this technology will lift a lot of people out of poverty but will also be an inclusive technology that allows more people to engage in global commerce. I don’t like to think that we’re creating so much prosperity for the less than one percent. I like to think of purpose-led businesses. By the way, that’s the trick I think for large corporations: to understand that the cost efficiencies of embracing this new technology will potentially widen their accessible markets at a cost that’s reasonable. That in itself will create prosperity in different areas. Something that we should think about. Pretty soon, when smartphones can be had for less than five dollars each, which is right around the corner nearly every person living in poverty on earth will have access to a smartphone and be connected to a network. That is game changing in and of itself. When you have digital wallets on these phones and the ability to trade assets we’re going to answer the question “What happens when everybody has money?” Capitalism itself has thrived in some areas by the natural exclusion of others from markets. It actually uses that scarcity principle as its driving basis. So what happens when money is not scarce? We will look at people and say: “What are the things that I cannot do and where we can join forces?” Much more than today, where we say “How big is your car and how much money do you have on your bank account?” So, I believe the future will be even more human, or humane—no… human than the last hundred years we have seen. Chapter 7: The Real Revolution I don’t think blockchain is a revolution. It has been done forever, for forty years, which is really forever in computer science. Both ingredients of the blockchain—security and distributed systems have been around since the early seventies. This is not the revolution. The revolution, or the evolution is that jobs will change. That’s something I believe in. Jobs will be digitized in some sense. Computers will do a lot of the manual labor that we still see in service domains today. It’s called the “fourth technological revolution” and I think we are at the beginning of such a revolution just now. That’s why we don’t close our eyes. Some people say “There will be much trouble people will lose their work,” and so on. I’m sure it will happen but it’s better we face it than deny it. Offshore working, automation, robots are they threatening our work? It’s a real-life question when your own son who is prepared to go get an advanced education asks you that question. I concluded I do have a genuine answer: It’s not threatening. It is forcing us to think a little bit different but if we do it smart, we actually give the next generation a great new opportunity to reinvent why they get up every morning and why they go to work and make sure they really make best use of the degree they studied for and the things they really want to do in life. I want to make the world better. Just better. Whatever my measure of better is, or yours is what might be valued by society. The other thing is this wonderful opportunity to create a little bit of prosperity. Because what prosperity offers you is independence. We don’t have to have people who are living in squalor simply fighting for a handful of rice every day. There is too much in the world to live like that anymore. I think certain countries and even corporations are beginning to understand that. Certainly this movement, this blockchain movement is the technology underpinning the technology part of that mindset which exists offline as well. The idea is out. If it’s not being realized here it may be realized there or even in the Internet, uncontrollably. Bitcoin is here, it is here to stay and will become bigger and bigger. As the blockchain, as cryptocurrencies as the possibilities connected to the blockchain and cryptocurrencies. That’s out of the box. And the whole system does not need any government. It exists. It works. It’s like a computer network surrounding the world. You can say “We don’t want to be part of it.” So be it. It’s here. And it won’t go away. Chapter 8: The Blockchain And Us I feel like this is a generational opportunity for entrepreneurs and investors. Quite frankly, I have not seen something as exciting in my entire investment career. Let’s try to build a new system that has better trade-offs and features and less downsides. And let’s make it work. Now the pendulum is going to swing back. What that’s going to do is frankly make confidence in capital markets higher. Blockchain has enormous potential implications outside of financial services. We might even see the full-scale implementation of some of those more real-world applications leapfrog financial services. This invention, when it came up in the seventies is really one of the groundbreaking ideas. It will change society for sure in many domains. It already has changed society in a sense that the Internet is a secure place that you can make transactions on the Internet. The potential for creating trust or even permissionless trust within the Internet that’s something that we haven’t had before. Its impact on society, on business, on government could be profound. Blockchain is to be fair nearly ten years old. I think it has another ten years to run before we really see what its long-term impact is. I think it’s going to be a long, much more steady journey we go down and you’re going to see multiple technologies inspired by this thing. Blockchain technology is not the solution to all the problems under the sun. As it matures we will begin to see its potential benefits but also its limitations. You can deny it or you can face it. We always said we have to face it because these things are coming if we want or not. I have seen long-standing partners when they saw the opportunity, to change and say “I don’t understand everything but I understand there is something behind this so we need to go forward.” That’s really great. People often say necessity is the mother of invention but I like to say necessity is also the mother of adoption. If there is a real use case that people need a technology for they start using it. I started with Commodore, we had Atari, Apple but at some point in time, Windows came. Everybody just started to use Windows without asking “What is the code behind it? What is the code behind moving the mouse?” We have a whole lot of possibilities. Everything will change. In my opinion, the possibilities are endless. It reminds me of the situation where all of a sudden we have two or three huge inventions happening in one moment. We are living in a very interesting window of opportunity. I’m surely very excited to fully embrace that. Even one little step can be a great step for mankind. I think we are exiting the industrial age and are entering an age we still have to name. Where that will take us is very hard tell. My suspicion is it means a sort of resurgence of the notion of community. It absolutely feels like a whole new paradigm for changing the world. We’re at a crossroads here. We have the wherewithal now to create technology that would help the entire human race. The question is: Will we do it? But we can do it now. There is so much innovation that blockchain technology has spurred all throughout the world. I have absolutely no doubt in my mind that this technology is going to affect everybody. I would say in ten to twenty years there won’t be a human being whose life is not impacted by this technology.

100 thoughts on “The Blockchain and Us (2017)

  1. It seems strange how the inventor took such steps to remain anonymous and that no one knew who he was in the real world either.

  2. Leaves me with a "I need more info" taste. We, street walkers need to understand better how this new tech will impact our lives. Give us simple examples in order to start rebuilding our conscious and logic grey matter.

  3. Question: Was Blockchain/Bitcoin released for future A.I.? ………………….search for Quinn Michaels.

  4. amazing tech ( although knowing that nb knows who created ,it h started with the left foot) btw just be sure you have the proper exit strategy before the bubble pops !!!!!

  5. A 32-minute infomercial. Nothing more. This film was 99.5% promotion and 0.5% substance. I came here thinking I would learn something about how blockchain and cryptocurrencies work. Instead, I found expressions of love by the early adopters, over and over and over.

  6. 20:30 When anything becomes common it becomes less valuable. Money that is plentiful = money that is worthless. Why would a person work their ass off for something that can just be picked off the street? When money is too easy to get people will trade in something that is more difficult valued and harder to get. I would like someone to ask this man where he learned economics.

  7. The machine takeover the planet is certain.This proves that humanity is standing on the cusp of a major

  8. This video looks and sounds like a paid infomercial. If I were to see this video not knowing anything about bitcoin, I would run. And run fast. This sounds and looks typical of a government/banking supported video production.

  9. It takes massive amount of energy and people to keep the blockchain up and running. Every time a transaction is mined and processed, the difficulty increases. When that happens, it takes more energy, people, and computing power to mine and prosses a transaction. When that happen it cost more the miners more $$$ and makes mining less profitable. That can potentially result the transaction fee to increase., or most of the miner will stop mining it., which could result longer or more expensive to do a transaction. Maybe it is possible trasaction fee might get so high it would not even be worth it.

  10. Flying is great and it did in fact change our perceptions and vision and has had a radical influence on our present style of living but it never touched the core of that deep human problem dealing with the lack of a widespread sense of human dignity, liberty, freedom and most of all of a semblance of a tolerable equality. This problem is deeply embedded in our long long tribal past that we still carry with us. Its primary cause is apparently our need for authority and intermediaries; who naturally have had a dominant role to play in making our dependence on them even more institutionally, ideologically and theologically cemented. It is not a result of some conscious planning but the dynamic in the system. Privilege is relative and moreover once acquired it will be maintained as long as others do not contest it. And since it arises from their hold on human and thereby also on nonhuman resources more the potential to rig the system the more resources you have.

    There is a undeniable evidence for it in 21st Century. It is easier for you to make even more unheard-of-in-history wealth the more you have. And wealth is basically a privilege; that can contest, reform and clandestinely even write the dos and don't s of the public, judicial and legislative bodies and determine the nature of the tribal national policies. With industrialization, more and more people have been drawn away from self-subsistence to an almost inescapable dependence on the accumulated wealth presently being clutched by the hands of an extremely constrained segment of the human populations; with equally constrained ideologies.

    In fact from Plato to Newton to Einstein no feats of thought and technology had the potential to induce a radical change in our societies so that that the need for leadership and intermediaries could potentially and in the long distance become redundant. No neither Buddha nor Confucius or Christ could give us anything in hand to make their visions, or our projections thereof, a reality on earth. Least of all any Nobel-prize economist!

    Enter Satoshi Nakamoto and the Mathematics and Technology of the 21st Century spiced with Game Theory.

    This is very much the victory of the great Greek enlightenment that gave mankind the greatest foundations of methodical thinking, logos and thereby laid the foundations for mathematics and axiomatic thought; exemplified by Euclid, one of the greatest teachers of mankind.

    Based on such noble foundations; it can be nothing other than humanistic. As is their other legacy: Democracy!

    And this a quantum disruption in an age of disruptive technologies. Perhaps the most disruptive of them all.

    The first feasible technically possible empowerment of humans on large scale.

    The age of Inclusion as against that of exclusion!
    The age of redundancy of many of the traditional predominantly tribal institutions and the emergence of a new P2P global solidarity free from string-attached tribal/national ideologies based instead on math, imbued with transparency and immutability and at the same time privacy!

    What a wonderful world!

    No doubt there will be a lot of people out there to fight it in order to retain their privileges or use it for their own nefarious purposes and certainly some hard growing pains and serious setbacks; an innate characteristic of all great transformations.

  11. It's not fun or interesting… PLEASE get real Jobs and create real products!!!
    Hashgraph killed it
    NSA is guiding this globalization of currency exchange and eventually chipping of the human unit

  12. yo pien so que esto esta diseñado para personas que hacen movimientos grandes de dinero empresarios y gente asi pero a los ciudadanos que no tenemos acceso a telefonos inteligentes en donde la señal de internet es muy poca o casi nula donde tu para solicitar una tarjeta de credito te ponen un sin fin de peros y trabas este sistema de blockchain no aplica en un pais tercer mundista y no por la tecnologia que el pais pueda tener sino por la manera de pensar de los ciudadanos hay que educar a la gente para que podamos subir a otro nivel de entendimiento otra cosa como hariamos por ejemplo yo soy costurera en que me beneficia una moneda virtual si no tengo tarjeta de credito por que son muy pocos los empresarios en el pais que pudieran tener acceso a este sistema o sera mas bien una manera de desaparecer aa los mas desprotegidos por decirlo asi en el ambito economico y social

  13. 0:42 He, or, they didnt invent it though. It was a follow-up (and quite similar to an earlier project) so it was genesis involving many people over time.

  14. Some of these Bitcoin proponents should concentrate on innovating and making money through Bitcoin. Grand claims were made about microfinance, awards too. But they never considered the consequences of removing the barriers they targetted. The suicides started showing up soon after, poor people who got themselves into such debt they would never get out. Who takes responsibility for that? This 'helping the poor' line is being delivered by those ignorant of what the life of the poor is. Just listen to 'a poor person just needs a cell phone and the internet'- so says the sophisticated and experienced mind of his own practice.

  15. I'm no Bitcoin expert but the founding fathers and family's of the Federal Reserve and the IRS they hate this cryptocurrency but if help to destroy the Evil Federal Reserve more power.

  16. Two dozen+ hypesters telling me something is great, without telling me exactly what it does. I heard that financial transactions can be completed without needing intermediaries, which means they can be completed without the knowledge of the government, which means the government will do its utmost to block the implementation of this technology.

  17. Thanks for this. Great insight. You should consider using subtitles to clarify what the foreigners who speak English are saying.

  18. Sorry, nah, y’all gonna get burned. Have fun! Write me after you lose. Can’t wait to hear the trolls who hate on me. Hahahahahahahah

  19. Спасибо за фильм) Очень полезная информация) читаю много комментариев к криптовалютам и технологиям блокчейн, многие ругают её, некоторые не понимают) думаю просто надо изучить данную тему а не ждать что кто то все объяснит))) объяснят тогда, когда таких доходов как сейчас уже не будет))) Изучайте все самостоятельно)) Удачи всем)

  20. Fantastic content, great camerawork and presentation. As a film maker/vid producer, I “get” the airplane analogy- thanks for NOT doing a rocket for the “moon” kids. This is a big boy game…and the shift is HERE. Time for implementation.✌🏼

  21. I worry on the social inpacts of th so called forth industrial revolution. Wealth concentration, virtual surveillance, weakened civil decision power, hightech-low life. Could blockchain be a hope for a less unequal dystopian future?

  22. 19.05: 7% of Americans don't have a bank account. Not 50%

  23. I'm quite disappointed with this documentary. I do have a now working knowledge of block chain but I was hoping to see how this technology itself is applied to real-time business processes/operations. I thought this documentary would demonstrate how block chain is applied. Where are the practical examples? All of these are just interviews how block chain is "so good" "so revolutionary" but how???

  24. Great work. I am already a believer in the blockchain technology, your documentary laid it all out very succinctly. There is really no excuse to be ignorant about the phenomenon. I have shared this on my FB page. Thanks.

  25. dude, nice shots, but wheres some -ucking data? it has the exact same limitation as every other introductory resource on blockchain, except that in this case its financial + tech insiders who say those big generic prophecies. i want something to hold, some concrete examples for my brain to understand how it will be and is used. its like jehova witnesses promising me something in future that i should not deny right now but you – filmmaker – give no arguments, what is then the reason to watch this?? why is so information-scarce?

  26. A resource based economy is where blockchain will ultimately end up producing. It's the end game for crypo

  27. Wish there was a documentary or at least footage of what people said about the internet before it got going, or anyone speculating about technology we all use every day now. Would be interesting to compare 🙂

  28. Blockchain is completely useless once it hits the human world. It only works in the digital world, like bitcoin.

  29. A bunch of salespeople trying to sell you the technology. Code your own blockchain to learn it (google it). Then think critically about what can be wrong with it and search for critics. Consider both sides — those pro and against it. Then make up your mind. Personally, I find the currency application unfeasible. Blockchain can have some applications but then you realize the hype isn't real — cryptography has been there forever and nobody celebrates it this way. A million other inventions are as profound, or more, and the average person does not spend time thinking or hyping those. Wake up.

  30. I guess it's the money thing which makes its attracting more and more people apart from solving different problems

  31. Great documentary Manuel and crew! Very cool corporation perspectives and long term vision potential of blockchain. The question is 'will we'? Best line.

  32. Me gustó mucho este documental; como entusiasta de blockchain te digo gracias por postearlo. Sorry if i no writte in your lenguage and bad ortography . 👍

  33. Blockchain is reality now and going to take over legacy systems with in 2019. Please check if below social moral principles can be helpful for core fabric of this revolution

    1.     One should always be
    ready to accept truth and to renounce untruth.

    2.     All acts should be
    performed after deliberating what is right and wrong.

    3.     The prime objective of
    new Society is to do well to the world, that is, to promote physical, spiritual
    and social good of everyone.

    4.     Our/Every one conduct
    towards all should be guided by love, righteousness and justice.

    5.     We should dispel ignorance)
    and promote (knowledge).

    6.     No one should be
    content with promoting his/her good only; on the contrary, one should look for
    his/her good in promoting the good of all.

    7.     One should regard
    oneself under restriction to follow the rules of society calculated to promote
    the well-being of all, while in following the rules of individual welfare all
    should be free.

  34. hello , i am from brazil , and i love bitcoin and the blockchain tecnology . is the future of mankind ! #forkthebanks

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