strictlymomo
the resort to violence can be wielded by everybody. therein lies its limitation as an unreliable means to control people and resources. power based on consent, ie, power from below, is predicated on promises proffered by patron-brokers who trade resources for allegiance. it's a comparatively stable structure until it reaches a certain scale. to get to that point, the stakes had to have been raised through manufacturing consent in the forms of ritual, ideology, capital, bureaucracy, and all the other goodies that Girard and Thiel love discussing. throw in the compounded accumulation of resources through arbitrage and leveraged betting, and you're left with social structures characterized by skewed wealth distributions and leaders who get to wield power asymmetrically. there's a clear historical and logical sequence where power by consent leads to power by coercion embodied in hegemony. given that's the current state of affairs, (and no sense in contesting this point since Thiel grapples with this fact himself in his investments and mythologizing of the US through this antichrist/katechon dialectic), it's pretty obvious what tools are left to those who no longer have any control to surrender via the consensual framework. suboptimal as it may be, at least violence-or the threat thereof-can be wielded by both sides.
now, where we land individually on the matter is one thing, but i'm afraid yours is the genteel fantasy.
Power based on consent likely existed throughout the Holocene: “Big men” with their gift-giving and elaborate feasts, chiefdoms comprised of aristocratic lineages… the gameplan has always been to collect favors by promising future returns, religious blessings, and the like. You can see the parallels to present-day VC. These pre-historic admin dudes emerged alongside the steepening wealth inequality gradients and population growths of agrarian societies.
Comforting to know their influence is limited and precarious, as the social following can always fragment. This is what anthropologists call segmentary structures. More interesting, if severely depressing, is the theory that power based on consent is arguably the precondition for scaling social cohesion beyond kin and villages to cities and civilizations, thereby serving as the foundation for more durable power structures.
Beyond the protocol is the arena of application standards and legal jurisdictions, which is the subject of economics.
A network of nodes compute stuff together, making data available across the network. It’s like asking why is a distributed network valuable.
During the process of computing, the network validates stuff about the data, guaranteeing it properties, so that people can rely on it to a certain degree when reading from and writing to it.