I thought it may be worthwhile to post this clip of the opening sequence of one of the episodes of Michael Maloney’s “Hidden Secrets of Money” series from back in December 2017.

While the episode itself is far from unbiased when it comes to crypto and a significant part of it is dedicated to flogging a particular crypto (namely Hedera) that is now a WEF corporate partner and is primarily in the business of offering private use DLT to corporate entities, and regardless of what you may think of Michael Maloney himself these days, the opening sequence does do a very good job illustrating both the great promise and the great risk in “Full Consensus Distributed Ledger Technology”.

Unfortunately, the industry has taken a definitive and undeniable turn for the dark side since that video was released and the first major public use implementation of this technology (being Bitcoin) is very problematic, to say the least….as are many of the subsequent implementations which followed it.

However, the technology itself DOES indeed have promise but the devil is in the details (as it ALWAYS is!).

While I am firmly of the opinion that certain technologies can NEVER be made safe and therefore should NEVER be allowed (mRNA, CRISPR & Artificial General Intelligence being prime examples), DLT, like most technology is merely a neutral tool with no agenda of its own and thus can be used for both evil and good (just like a hammer or a knife) and it is therefore up to us as a species to determine how it will actually be used and for what purposes.

As Maloney says in his opening sequence:

“It is so powerful that if captured & controlled it could enslave all of humanity but if allowed to remain free & flourish it could foster unimaginable levels of peace and prosperity”