Cryptocurrencies are sometimes called digital ledgers. Actually, this is what blockchains are, records of digital transactions. Many of Shervin Pishevar’s statements apply to the growing cryptocurrency market.
Shervin Pishevar pointing to innovation being threatened by monopolies has very big implications for the world of crypto. Innovation is what is driving this market. It is also what the industry is trying to solve. Unlike luxuries, cryptocurrencies are solutions to innovation problems. If not outright solutions, then they are more efficient ways of completing a digital transaction. Required documents for legal, financial and real estate transactions already have dedicated projects.
Another aspect of Shervin Pishevar’s statement is that of small business. Monopolies necessitate a funneling of agendas. In contrast, small businesses provide market diversity. This becomes more important as a human being is closer to the impact of decisions. Few like monopolies. Many more either fear or are ambivalent toward them. Given the choice of a practical means to equally provide the necessities of life, humans would rather have choices. It is why voting matters so much.
Taken together, innovation and small business have the potential to usher in a much better world. It does this by solving problems directly. Instead of an all top-down approach, smart contracts can be employed on a blockchain with specifics that can only be discovered by small enterprise. The blindness of a massive corporation is the strength of localized business. This is the essence of the free enterprise system. It is why America values strong independent states over federal influence.
Of course, federal laws are needed. They exist for when people have things in common. But quite often humans live amid a myriad of different environmental and cultural factors. What might work for construction in the mountains, may not near ocean communities. Water drainage may be the most notable. Also consider how roads around the metropolis of NYC are darker than California. A glaring sun is obvious when one sees it every day. Free enterprise is based on a system of survival. This is how blockchains were built. It is what Shervin Pishevar recognized.