The problem in a nutshell: Media and universities used to …
The problem in a nutshell:
Media and universities used to give a consistent, albeit often wrong, view of the world. But social media has removed consistency. Our sensemaking apparatus is now broken.
See: Eric Weinstein and Jordan Greenhall.
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We have the opportunity to create a New Enlightenment where people are no longer confused about important stuff. I believe we can use Bitcoin at the base layer to properly value information and create a fundamentally more truthful world.
There are three phases:
1. Traditional institutions (media, universities, the government) determine truth for everyone.
2. The internet and social media breaks traditional institutions and now nothing makes sense.
3. A better future.
We are at #2.
This analysis does not account for the fact that all of the most powerful people on the planet prefer a confused populous, and have the means to make sure they stay that way.
Until a much more sizable portion of the world population can be swayed away from looking for answers to their life’s problems from authority figures, there is little reason for optimism.