Consider, for a moment, what a person imagines to be the most powerful device known to man. A device so inherently strong and ingenious, prime ministers, popes and presidents buckle at their knees. A device so empowering for the individual and disastrous for monopolies, corporate board rooms are chaotic with frustration and fear. A device so integrated with the unbiased justice of the free market, megalomaniacs, dictators, kingpins and scam artists are turned into obsolete entities overnight. A device so absolutely awesome, it has the potential to cut the legs from underneath every government of the world, simultaneously.

 

Cryptocurrency has this incredible power locked deep within its core and the empowered individual is the key. Considering the innumerable implications crypto-currencies have on commerce, those innovations are paralleled equally with revolutionary changes activated by shifts away from state power. Leaders in cryptocurrencies are just starting to scratch the surface toward unlocking its untapped potential.

 

Enter Tatiana Moroz, singer, songwriter and libertarian activist, with her own brand of crypto-currency: Tatiana Coin. First of its kind, Tatiana Coin is a merger of crypto-currency and the artist-fan experience. “We are trying to experiment and find new ways of financing artists,” Tatiana stated. “If you start doing something like Tatiana Coin, you are able to bootstrap entire entrepreneurial endeavors though a micro-donation kind of way. I’ve seen how dysfunctional the system is. It does not allow artist to get their art made. There is a lot of bureaucracy and I’ve always been a little frustrated with the music industry even though I have worked in it.” 

 

Tatiana Coin may seem benign at first, but in fact, artist branded cryptocurrencies could revolutionize the music industry. “It’s hard to predict but I imagine it will help decentralize a lot of the control and that is definitely what we are going for,” Tatiana continued. “Take something like an Indiegogo or Kickstarter campaign and then tokenize it. With something like Tatiana Coin, artists have a long term relationship with the person that is purchasing the coin and value is generated by the content the artist creates. You can also automate certain functions of a record label.” 

 

Take a moment to digest the fact that a concept as simple, yet brilliant, as Tatiana Coin has the potential of breaking down a corporate oligopoly. Instead of conforming to corporate standards and pleasing gatekeepers crucial to cultivating a successful career in music, artists acting as empowered individuals, can fund entire endeavors based simply on the quality and integrity of their content. The incentive shifts to creativity and creativity leads to innovation. This is just one example of the untapped power cryptocurrencies hold and why it has such immense potential for the world. 

 

Jeffrey Tucker, CEO of Liberty.me, founder of the Cryptocurrency Conference and economic consultant to the popular podcast Let’s Talk Bitcoin, is a leading expert on cryptocurrencies and their impacts. When asked his thoughts on the Tatiana Coin launch, Jeffrey stated, “I absolutely love what is happening in the alt-coin and colored coin markets. It provides a great experiment in money competition, which we haven't had in some 200 years. I dearly love the idea that people's cultural and political values can come to be expressed in the coin they use rather than the violence they employ.”

 

In addition to Jeffrey’s optimistic review, it cannot be emphasized enough how important entrepreneurial endeavors such as Tatiana Coin are to demonstrating the power of cryptocurrencies. People must see real world examples of its potential. Once the general public understands the basic principles and effects; that is when the real awaking can begin. The moment the glass ceiling is broken, tremendous change can be expected. 

 

Jeffrey Tucker holds nothing back when discussing cryptocurrency’s world-changing implications. “Cryptocurrency is so much better than national currency that it can break the network effect of the dollar. Anyone can use it. There is no third-party gatekeeper role for credit agencies or banks. The transaction fees are near zero. The fraud risk is nil.” Jeffrey exclaimed, “This is gigantic. Money is an important good, half of every economic transaction. When I look forward to 2015, I see cryptocurrency, maybe Bitcoin or maybe something else, as a dominate player in the world economy, pushing national money to the sidelines.”

 

Jeffrey further explains the long term effects, “If we can achieve the real dream of removing money from government control, we can end war, poverty, and privation from the planet. That's an amazing prospect,” Jeffrey lauded. “Remember: we owe it all to private enterprise and the bottom-up revolution that is driving forward the digital age. Probably half the world's population does not have access to the cartelized financial system as it is. Cryptocurrency can change this completely and thereby unleash massive amounts of human energy that has, until recently, been shut out and excluded. This will lead to political upheaval and a new dawning of liberty.”

 

Political upheaval and a new dawning of liberty achieved by empowering individuals through cryptocurrencies; what a fantastically monumental concept. That one bold statement sums up the mind boggling feats that can be achieved through this technology. As these currencies continue to grow in popularity, the realization of their ends will become more self-evident. Individuals are making investments now to secure future liberty.

 

- Jordan “The Slavic Libertarian”  06/27/14 04:00 PM CT