Page 51 - Understanding EOS TojuKaka FlipBook
P. 51
Facebook is just a member. Each member would have
a vote when it comes to making decisions about
changes to the Libra network.
Cambridge Analytical has taught us that data is power
and he who controls the data controls the people.
Power corrupts and absolute power corrupts
absolutely. No single entity should be allowed to
wield the power(data) of a global currency. This also
applies for so many applications that do not have the
same importance as a global currency. No single
entity should have complete control. We need to
decentralize things.
By now you are already seeing the need for
decentralization. People are losing faith in centralized
systems. In the future, people will not trust
centralized systems because they have a single point
of failure that can be altered and abused from the
inside or attacked from the outside. It's time for an
upgrade. It's time for a new perspective, a new way of
doing things. The idea is to give more value to
humans, the creators of these data, to ensure privacy
and bring more transparency and control to the
humans.
51