..if it wasn’t for this guy visiting my country. I am now “enlightened”. Spoiler: Blockchain protocols computationally formalize/describe a government’s high power restraints within democracy. In civics (social studies), democracy is decentralized power (no/many kings) and therefore implicitly inefficient.

Democratic governments (in perfect world) communicate/act/bank;

1. In public (freedom of information)
2. With immutability (no deleting things)
3. With consensus (majority vote)
4. With inefficiency (to weaken bad actors)

Citizens and other low power (centralized) entities can do some of the above (federation), but mostly (wisely) communicate/act/bank;

5. In private (freedom of association)
6. With mutability (to protect privacy)
7. Without consensus (freedom of expression)
8. With efficiency (to build–up fast actors)

Individually, (5-8 > 1-4) no? But (1-4 > 5-8) in dictatorships (5-8)? Blockchain governments for maximal oversight? Not happening :)

Yes yes, reading is old school and for losers (according to the Internet), but these are the words of cryptocurrency’s based god! Jokes aside, read the first sentence of that abstract. The developers of cryptocurrency are smart but has their creation increased/decreased centralization into entrenched financial institutions? Think about it, stably. In my country institutional power has increased, imo.

Enriching influencers, pundits, companies, and politicians online is counterproductive — instead prioritize your local community. Online authenticity is a facade.

I’m not even that old yet, and think I’ve seen people owned by every scam in the book, it’s brutal. “The” Yellow Kid would be proud of this money/fame/status “scarcity games” obsessed generation.