{"id":102476,"date":"2018-02-02T17:00:14","date_gmt":"2018-02-02T22:00:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=102476"},"modified":"2021-08-23T18:38:36","modified_gmt":"2021-08-23T22:38:36","slug":"if-its-controlled-by-1-party-its-not-a-blockchain-charlie-shrem-lauds-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/if-its-controlled-by-1-party-its-not-a-blockchain-charlie-shrem-lauds-bitcoin","title":{"rendered":"\u2018If It\u2019s Controlled By 1 Party, It\u2019s Not A Blockchain\u2019 \u2013 Charlie Shrem Lauds Bitcoin"},"content":{"rendered":"

Bitcoin industry stalwart Charlie Shrem has described decentralized cryptocurrencies as \u201cthe biggest innovation of his lifetime\u201d amid turbulent activity on markets.<\/strong><\/p>\n

\n

Shrem: My Goal Is Freedom-Giving Technology<\/h3>\n

In a series of tweets Thursday, Shrem, who returned to the cryptocurrency space following a highly criticized<\/a> spell in jail, explained how the freedoms associated with \u2018true\u2019 decentralized assets and networks are his \u201cgoal.\u201d<\/p>\n

\u201cI came to help build technology that gives us freedom and I will not stop until I\u2019ve reached my goal. I\u2019ve already had my freedom taken from me once and I never want to see that happen to anyone,\u201d he wrote.<\/p>\n

\n

1\/ #Bitcoin<\/a> and other privacy focused and decentralized crypto currencies are the biggest innovation of my lifetime. They literally take the power and control of money out of the hands of government and into the hands of people that use it.<\/p>\n

\u2014 Charlie Shrem (@CharlieShrem) February 1, 2018<\/a><\/p><\/blockquote>\n

Shrem\u2019s words are likely deliberately timely, coming during a major downturn in Bitcoin and altcoin markets which Bitcoinist reported was partly motivated by \u2018FUD\u2019 content online amounting to fake news<\/a>.<\/p>\n

India\u2019s regulatory noises provided the backdrop for the phenomenon, which involved mainstream media journalists and publications deciding words during finance minister Arun Jaitley\u2019s budget speech amounted to a \u201cban\u201d on Bitcoin.<\/p>\n

Jaitley had not mentioned any form of ban, something which Indian cryptocurrency businesses immediately reiterated, also accusing critics of \u201cFUD.\u201d<\/p>\n

Nonetheless, markets reacted sharply, Shrem subsequently hinting Twitter followers not fall for such narratives, nor any moves not associated with completely decentralized technology.<\/p>\n

\u2018Governments Are Smart\u2019<\/h3>\n

\u201cThey are smart,\u201d he continued quoting Jaitley\u2019s speech.<\/p>\n

Instead of banning Bitcoin outright they are saying, \u2018The government\u2026will take all measures to eliminate use of these crypto-assets [BUT] will explore use of blockchain technology proactively for ushering in digital economy.\u2019<\/p>\n

On the topic of Blockchain interest coming from legacy finance, Shrem repeated warnings that so-called distributed ledger technology (DLT), permissioned Blockchains and similar schemes have precious little in common with decentralized structures without centralized control.<\/p><\/blockquote>\n

\u201cIf it can be controlled by 1 party, it is not a blockchain,\u201d he summarized.<\/p>\n

\"Blockchains\"<\/p>\n

His words reflect those long said by educator Andreas Antonopoulos<\/a>, who regularly reminds audiences of the threat Bitcoin and decentralized networks pose to power structures such as governments and central banks.<\/p>\n

What do you think about Charlie Shrem\u2019s words? Let us know in the comments below!<\/em><\/strong><\/p>\n

\n

Images courtesy of Shutterstock, Twitter<\/em><\/p>\n

The post \u2018If It\u2019s Controlled By 1 Party, It\u2019s Not A Blockchain\u2019 \u2013 Charlie Shrem Lauds Bitcoin<\/a> appeared first on Bitcoinist.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin industry stalwart Charlie Shrem has described decentralized cryptocurrencies as \u201cthe biggest innovation of his lifetime\u201d amid turbulent activity on markets. Shrem: My Goal Is […]<\/a><\/div>","protected":false},"author":183,"featured_media":102477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-102476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\n\u2018If It\u2019s Controlled By 1 Party, It\u2019s Not A Blockchain\u2019 \u2013 Charlie Shrem Lauds Bitcoin - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Bitcoin industry stalwart Charlie Shrem has described decentralized cryptos as \u201cthe biggest innovation of his lifetime.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/102476\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018If It\u2019s Controlled By 1 Party, It\u2019s Not A Blockchain\u2019 \u2013 Charlie Shrem Lauds Bitcoin\" \/>\n<meta property=\"og:description\" content=\"Bitcoin industry stalwart Charlie Shrem has described decentralized cryptos as \u201cthe biggest innovation of his lifetime.\u201d\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-02T22:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-23T22:38:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/02\/sidechains-bitcoinist-1024x768.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wilma Woo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wilma Woo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/102476#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/102476\"},\"author\":{\"name\":\"Wilma Woo\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7826ccf9d101580d9aee38e4cfc2971d\"},\"headline\":\"\u2018If It\u2019s Controlled By 1 Party, It\u2019s Not A Blockchain\u2019 \u2013 Charlie Shrem Lauds Bitcoin\",\"datePublished\":\"2018-02-02T22:00:14+00:00\",\"dateModified\":\"2021-08-23T22:38:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/102476\"},\"wordCount\":438,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/102476#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/02\/sidechains-bitcoinist-1024x768.jpg\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/102476\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/102476\",\"name\":\"\u2018If It\u2019s Controlled By 1 Party, It\u2019s Not A Blockchain\u2019 \u2013 Charlie Shrem Lauds Bitcoin - 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