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Showing posts from July, 2015

WHAT YOU NEED TO KNOW ABOUT M-PESA AND THE REALITIES OF THE BLOCKCHAIN

This is really an article about a ledger and two ideologies that compete to control it. One ascribes to a stateless society, defined by self-governed voluntary institutions. The other looks to government and state machinery for answers. The State As of this writing, there are more than two hundred self-governing states in the world, this development became a reality over the last 200 years as former monarchs lost their influence and power, and sold a particular brand of government to the rest of the world. The world was taught after two world wars that one of the primary functions of a state was to offer security. The functionaries that arose from the creation of the state; be it the military, the police, the judiciary, administrators or the tax collectors were not self-supporting so taxes were essential to allow the state to function. However, recently, people have lost their trust on the system. The global financial crisis of 2007-08 raised questions ab