Shared by @CorujaTejedora in FRP-32: Socioeconomic effects of cryptocurrency redistribution in the Costa Rican rural town of Tinamastes.
Statement: Maupin (2017) proposes a framework to be adopted by the G20 in the search for regulation and expansion of their tasks into the growing market of cryptocurrencies, under the ideal sought after in the G20’s Blueprint for Innovative Growth.
Description: According to Maupin, the G20 is the most capable international organization to take on the task to regulate blockchains for the maintenance of equality, justice, transparency and the continuous fights against poverty, exclusion and unbanked populations.
Comments: Maupin’s proposal for the G20 incorporates idealistic actions to be taken by the organization. While some of these are realistic proposals, some of them assume the G20 is an organization focused on democracy, human rights and redistribution, when this is not the case, on the contrary, the G20 is a group of “developed” nation estates in the search for globalized control based on their own imposed views of global affairs.
Evaluations: For this reason, this article allows us to see the distance between idealistic missions and actual purposes of highly criticized international organizations, many of which have been losing their capacity of evoking trust in our global populations. Additionally, the intent to centralize the undergoings of decentralized blockchains contradicts their original mission and purpose. It mentions the need to regulate to avoid the misuse of blockchains by illegal and terrorist organizations, again, Maupin does not identify or question the generalization made by such perceptions, nor the historical use of criminalization of opposed social movements seeking to access power and representation.
Key Words: G20, centralizing regulations for decentralized blockchains, positivist economy.