>> Blockchains solve centralization, which will turn out not to be the problem. Centralization is a huge problem. Centralization means that lots of smart, hard

>> Blockchains solve centralization, which will turn out not to be the problem. Centralization is a huge problem. Centralization means that lots of smart, hard working people essentially have to wait in line (sometimes forever) to get access to capital in order to implement their ideas. Capital is so centralized that decision makers don't have the mental bandwidth to invest it effectively so most of it gets absorbed by useless institutions who do useless stuff.