World is entering the “The Age of Disruption”, as new technological innovations alter the makeup of society. A latest article on Bitcoin.com sheds lights on sharing economy, bitcoin and blockchain technology that leverage peer-to-peer interactions through decentralization and are starting to shift the balance of power.”Individuals who use Bitcoin or other blockchain technologies represent the forerunners of social change. The crypto-systems they are wielding function on anonymity or pseudo-anonymity. The only time their money or accounts can be located is if a public key is identified and tracked”, it said.However, drawing attention to the Ross Ulbricht case, the report said that police have apprehended people who tried to hide their activities within the framework of the protocol.Speaking of sharing economy the report said, “Businesses like Uber have altered the landscape in terms of how people choose to access and think about transportation… Uber has been so successful that they are worth upwards of 50 billion dollars, but bureaucrats are upset because they are having trouble regulating and controlling it. Uber is the epitome of disruption in the new economy. It is helping negate the old regime.”It further said that this age of disruption represents the beginning of individual anarchism. “Anarchism refers to a voluntary society without rulers, without people coercing or forcing other people to live how they do not choose to live…It is simply freedom from social coercion and tyranny.”With the sharing economy and other disruptive devices, people will find themselves living freely and anarchically and not even realize it, this transformation might happen as a result of technological advancement and lifestyle, it added.Although the future path of the age of disruption is uncertain, the effects of distributed networks and consensus based economics are already in full swing.The article concluded stating, “Even though governments can still monitor people and make laws, decentralized machines and services have outpaced the lawmen and regulators. The fact that everything is moving so quickly makes it extremely difficult for the authorities to zero in on a target. Everyone is immersed in the super-organism of disruption and putting a handle on it with archaic regulations is proving futile”.
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