bwoodring
Re:Systems built on trust, norms, and institutions function better tha...
on Friday April 06, 2018 @01:57PM (#16775564)
Putting money on a blockchain is not inherently more abstract than keeping it in a bank's database.
Re:Systems built on trust, norms, and institutions function better tha...
on Friday April 06, 2018 @01:57PM (#16775551)
Don't kid yourself, the number of people who own cryptocurrency is vanishingly small, and the number of people who own cryptocurrency for any other reason than a get-rich-quick scheme is microscopic.
Re:Systems built on trust, norms, and institutions function better tha...
on Friday April 06, 2018 @01:23PM (#16775119)
That's pithy, but there's no particular reason to believe it is true. You may find futurism amusing, but the future is not guaranteed to be better unless we make good decisions. The fact that something is futuristic does not make it inherently better, and believing that is does is just the mirror version of traditionalism.
There is ample evidence that stable, predictable institutions are the main driver of improved quality of life in the west. The libertarian instinct to tear down these institutions instead of putting in the hard work to make sure they are well run is counterproductive.