I believe open source software is now the most trusted segment of society. (Prior to a few years ago, I’d say peer reviewed science, but the replication crisis

I believe open source software is now the most trusted segment of society. (Prior to a few years ago, I’d say peer reviewed science, but the replication crisis has not been kind to its image.) Most people in the know probably trust Linus and the kernel team far more than the intelligence team or Vitalik more than Janet Yellen or Postgres more than Oracle or Wikipedia more than Harvard. To that extent there’s going to be a major push, where practically feasible, to replace existing institutions with open software and protocols. Trust is more efficient, and trusted entities will long-term outcompete untrusted. The technology doesn’t yet exist, but if you could replace JP Morgan with a DAO, how does JP Morgan not watch its business crumble. Why would any stakeholder choose to trust an opaque bank over an open protocol?