Proponents paint Bitcoin (BTC) and other cryptocurrencies as antidotes to totalitarian governments and central banks. Simultaneously, international corporations and startups alike have designed blockchain platforms and products that could be used on behalf of totalitarian governments and central banks.
One example is Microsoft (NASDAQ:MSFT), which applied for a patent for a cryptocurrency system using body activity data. As part of the cryptocurrency mining process, the cryptocurrency system gives a task to your device, instructing you to complete a “human body activity.”
Justin O'Connel is the founder of Narracomm, GoldSilverBitcoin, Cryptographic Asset and THCist. He has been a Bitcoin-focused entrepreneur since 2012.