This is an opinion piece by Andrew Keir, author of the Daily Newsletter, that delves deeper into the transformative nature of Bitcoin.
The concept of walled gardens is not new. They have been around for hundreds, if not thousands of years. Surrounded by high walls, the precious gardens serve many purposes, including protection from animal and human intruders. These walled gardens also create a microclimate. This allows certain things to grow and thrive that otherwise wouldn’t be possible due to the temperate climate outside the walls.
It’s no secret that walled gardens are at the heart of every major software company’s strategy, built around them to generate and sustain network effects.
Any Apple user knows first-hand how they are trapped within the ecosystem, not just because of the way their products interact, but because of the friction they create when using non-Apple products. With this Apple has the incredible power that you can see in the App Store. There you have complete control over who can enter and who cannot. It also requires new Apple-specific products to maintain a consistent user interface, which is central to the walled garden approach. The same is true for Google, Microsoft, Facebook, and most other software giants. Many people use social media his platform like the internet itself. These platforms are adept at keeping you inside the garden and will do everything they can to extend your time inside the walls. I don’t think so.
Basically, they do this by designing incentives. Perhaps they are trying to add value by making their products as good and as easy to use as possible. They also seem to allow some level of friction to exist by not using their product, discouraging them from exploring other options, and exiting the ecosystem. One of the best examples of this. Many people fear having to navigate another company’s interface and “learn” how to migrate their images, contacts, messages, etc. The reality is that as humans we are (most of the time) lazy animals and the majority of people will take the path of least resistance. So, for incentives, they stay inside Apple’s walls. Over time, walls begin to look like cages.
Just as these software giants have created walled gardens to try and keep us there, governments and central banks also use political fiat currency systems. Central banks issue money and governments insist on accepting this money. A fiat currency system is a classic example of a walled garden. The difference is that there are armed soldiers outside the flat yard walls of the government and its central bank.
Software giants will do everything to make you stay in your own garden, preying on all your vulnerabilities and making it as unappealing to leave as possible, but they can’t stop you. Not so with the Fiat Walled Garden. If you go away to explore outside the walls, or explore another walled garden, they’ll tell you as much detail as possible about where you were, why you’re leaving, and how you interacted while you were gone. For Fiat Masters, it’s their job. You are not just free to explore.
A statutory standard is a walled garden, and unlike a software company, it is governed by statute. By force. Outside this garden is an open, permissionless and rich environment for Bitcoin. The Fiat Master relies on wall height. The men with guns on the other side can climb the walls and prevent you from exploring the vast fertile land outside. But what they didn’t expect was that Bitcoin’s invisible power would permeate and dissolve these walls, helping humanity thrive inside and outside the garden. The power of nowhere is everywhere and nowhere is the key to a prosperous future. Bitcoin has no walls. There are no national borders. The very concept of a walled garden has become impossible. On the contrary, it is the ultimate garden without walls.
This is a guest post by Andrew Keir. Opinions expressed are entirely his own and do not necessarily reflect those of his BTC Inc. or Bitcoin Magazine.
Bitcoin Freedom from Fiat Walled Gardens – Bitcoin Magazine
Source link Bitcoin Freedom from Fiat Walled Gardens – Bitcoin Magazine