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I'd argue economics is a system that requires decentralization as well. Now with cryotocurrencies the burden required to get a seat at the table went from basic
by ghthor 8y ago
I'd argue economics is a system that requires decentralization as well. Now with cryotocurrencies the burden required to get a seat at the table went from basically an impossible game of politics and expression of violence/dominance to a purely technical one. If I want to become a member of bitcoin I just need to start computing and now I'm a member with voting power.
At an individual level this doesn't mean much, but at the geopolitical level this is a huge improvement. The future I see before us is our governments dropping the administrative burden of managing, minting, and distributing there own currencies and becoming a contributing member to the crypto computing platforms. If I was an up coming developing nation I'd be pouring money in into computer engineering to become a member of these global currency movments.