Elon Musk and the Blockchain Part 1

Elon Musk has been pretty quiet on blockchain technology. There is no evidence that he is not aware of the potential of digital currency. As a huge Musk-fanboy, I will attempt to explain why he is going to become one of the biggest leaders in the transition to a decentralized economy.


PayPal Chief Executive Officer Peter Thiel, left, and founder Elon Musk, right, pose with the PayPal logo at corporate headquarters in Palo Alto, Calif., Oct. 20, 2000. Online payment provider PayPal Inc. raised $70.2 million in its widely anticipated initial public offering, but a patent infringement lawsuit gave investors reason to be wary as the stock began trading Friday, Feb. 15, 2002 on the Nasdaq Stock Market. After covering expenses, Palo Alto-based PayPal expects to net $61.3 million from the initial sale Thursday of 5.4 million shares at $13 apiece, according to a Securities and Exchange Commission filing. (AP Photo/Paul Sakuma, File)

Here is a picture of Elon with Peter Thiel.

Paypal was originally a way to email money to someone. Their legendary growth was reported to be 7 to 10 percent a day at some points. At one point the roadmap was to put money on your palm pilot. Without the crazy growth, subsequent IPO, and quick buyout from eBay, maybe they would have gotten to peer-to-peer transactions. In any case, after his windfall from Paypal he spent some time flying his fighter jet before embarking on Tesla and SpaceX.

After the continued success of Tesla, and recent success of SpaceX, Musk has been inundated with interviews. Due to appealing to audiences not familiar with his work, some of his political views have taken a backseat to anecdotes and inspirational messages. So sometimes people forget that Musk is a self-described anarchist. The message isn’t that harsh, though. What he is describing is equivalent to a mature Blockchain (Ethereum) environment. Keep in mind, Musk and his contemporaries have pretty radical ideas, I mean the guy did start a rocket company.

Maybe you’re wondering why he hasn’t championed decentralization yet. The answer is pretty clear though, he still has a lot of politicians to get into bed with. His companies have to be influential in the centralized world before he can flip the switch. However, we think that switch is rapidly approaching.

The offerings of Tesla today consist of battery packs and cars. SolarCity, the company founded by Musk’s cousin, installs solar panels on homes and businesses. Putting the pieces together yet?

A huge Musk influencer is the Sci-Fi writer Issac Asimov. Another major influencer was Robert Heinlein. Heinlein’s book The Moon is a Harsh Mistress was embraced by counterculture groups and libertarians alike. For a guy who promotes an electric society, harnessing and storing your own electricity, and a distaste for authority, decentralization seems complementary to his vision.

If a robust electronic society should emerge, an economy that can scale is a necessity. While Musk is busy with the hardware, the ethereum community is busy with the software.



2 Comments, RSS

  1. H3g3m0n February 9, 2017 @ 3:44 am

    Elon Musk isn’t an anarchist, what he is talking about is direct democracy. He just said it sounds kind of like anarchism because the voters can remove law if the majority vote it out.

    • Jack

      Jack February 9, 2017 @ 5:42 pm

      Isn’t a pure direct democracy just a form of anarchy? If the votes can remove laws, then they hold the power. Maybe that’s just arguing about definitions. Regardless, I think it’s safe to say that a direct democracy model and a model with a strong, central authority are on opposite ends of the spectrum because you can’t have both at once.

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