We hereby use Sod’s law and Murphy’s law interchangeably, because why not.
Hey there Blockers, we hope that you are having a blocktastic time. Almost as good as blockchain tech is having at the moment. So, here at Block Publisher Unfiltered we came across the idea of Murphy’s law in a conversation on blockchain. We decided to share it with Ya’ll well wishers. So, let’s dive right in.
Sod’s law says that anything that can go wrong, will go wrong. It is treated more as a mindset than a law. People use it in various contexts, twist it different way and make different sense out of it. But, we have come here to keep things simple. The simpler, the better as we say it here at the Unfiltered HQ.
The idea is that any person, thing or organisation that likes to weigh out its options, must look at it in the most stringent manner. Must operate in bad faith, thinking that if things can go wrong, they will and thence must find remedies to soothe the ill-going things.
The law is an attitude that teaches the planners to plan for contingencies by thinking they will really come true. So, here are the kind of contingencies that need to be planned for, within the crypto world.
Contrary to popular belief, the worst that can happen to crypto is not a massive hack that would cripple the blockchain technology, or the lack of control of illegal transactions done on the internet. Or rejection in terms of legality due to some technical loophole.
It’s not a digital apocalypse either, or a group of hackers or organization finally taking control of the technology once it has been widely adopted. It is very simple. It is the beginning that determines the end. A good start that is, acceptance and ethical use may lead to a high road and no hurdles. A rocky start, too many scams and too much rejections means a different story will reside under the term blockchain.
The government can’t crash it if they can’t control it, and if they cant control it, they would try to control who owns it, or built its foundation. The problem is not regulation either. However, if regulation should begin right away, while the industry is still in infancy, then it might cauterize its growth and ultimately life.
A problem to the ecosystem could arise not from a hack, but rather from the cessation of fresh money to keep feeding the growth. Or the inability to appeal to people. Or a general sense of unimpressed investors. Or the dominance of fiat currencies over crypto and cloud based networks over blockchain. Which has clearly turned around in the current status quo. Meaning both horrible possibilities are ruled out. Plus its too soon to say. So, we need not to worry about the law in here, not for now. As, even if, we decide to do try it, our options remain intact, blockchain untouchable as it all is only a test of time and not trend or technicality. Those aspects have already been tested and checked.
So, its all cool for now. Got nothing to worry right now.