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The Crypto Beyond the Currency
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TLDR: For the first time in history, we have a technology that could make a direct democracy possible.

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Disclaimer: I know this might not be a topic as exciting as the price action of your favorite token, and it’s not as cool as XRP wining against the SEC. I know, that was truly awesome.

But I want to talk to you about something that really moves me. The tech behind the crypto.

« Oh come on! Nobody cares! » I can hear you already.

But please bear with me a just a little.

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If you’re lurking here, it’s probably because at some point you lost trust into fiat and centralized authorities. At some point you felt like something was starting to feel very wrong in the way fiat money was handled and you wanted to get your freedom back. And Bitcoin, Ethereum, you name it, felt like a dream within range.

Yes, I want to feed that feeling in you right now to make you think about another institution that could be totally disrupted by web3.

Let’s talk about voting and democracy.

To this day, direct democracy remains largely a dream. Yes, we have the digital tools that could technically support large-scale participation, but there’s a major barrier — trust.

Web2 systems centralize power in institutions like bureaucracies and private platforms.

This concentration of authority invites corruption, as closed systems lack accountability.

Voting is the perfect example of those pitfalls. In most western nations, elections are extraordinarily expensive endeavors while still fundamentally bureaucratic.

Sticking to paper-and-ink systems, electoral bodies resist digital tools that could lower costs and increase accessibility.

Worse, doubts persist about results despite the logistical nightmares. Voters have little to no recourse to verify outcomes in opaque, centralized processes.

This lack of trust explains why participation is limited to brief, intermittent ceremonies every few years, with voter turnout and engagement continuing to decline to all-time lows across the Western world.

But what if there was a technology that could disrupt this status quo? A way to enable records and participation to be verified without a centralized authority?

Just Imagine this: Citizens voting multiple times a month securely from the comfort of their homes or on the go while commuting, with each vote instantly verifiable and impossible to falsify.

This people, this is my dream.

The evolving web3 tech offers this exciting potential. It makes voting cheap, quick and trustable — yet remain impossible for centralized powers to falsify.

Real-world initiatives, like Decentralized Autonomous Organizations (DAOs), are already exploring this potential: DAOs are a new type of organisations that use blockchain to facilitate decision-making and governance, very close to what we call in France “cooperatives” (Yes I’m a freaking baguette đŸ„–đŸ‡«đŸ‡·)

To me, they are the most compelling illustration that a new form of democracy isn’t merely a dream, but a burgeoning reality.

Yet, challenges remain. Those benefiting from current systems will likely resist change. Additionally, many citizens now have eco-concerns, especially regarding Bitcoin’s high energy use — a narrative often portrayed in mainstream media.

However, I believe blockchain can overcome these flaws by demonstrating applications beyond just energy-intensive operations. The technology provides genuine solutions to issues of trust and participation at scale. And many emerging blockchain projects are opting for alternative consensus methods that require far less computational power.

With real-world governance use cases, citizens can understand blockchain’s vast potential beyond simply « crypto ». The path forward involves raising awareness and starting small with local trials of blockchain voting and governance. As people experience the benefits firsthand, objections around energy can give way to enthusiasm about empowerment.

This is not just about novel currencies, but about decentralized democratic participation.

With time and education, blockchain can gain widespread acceptance as an enabler of direct democracy.

So, am I the only dreamer?

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1 year ago