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It is not the easy part if you want a decentralized government because no one person can be tasked with issuing and governing over those, otherwise that person
by aflag 5y ago
It is not the easy part if you want a decentralized government because no one person can be tasked with issuing and governing over those, otherwise that person will have power over everyone and kind of defeat the purpose. That doesn't mean that there aren't other equally or even harder challenges. I was not claiming that blockchains was the last problem stopping us from becoming decentralized. Anyway, like you said, nothing prevents you from issuing your currency and deeds today. And, before blockchains, the only way to have a decentralized government would be for many people to do that. However, that system is more fragile than a system built on a single blockchain everyone agrees on.
The big thing about blockchains is that it allows people to all agree on a certain asset, without giving control of that asset to a single party. That is big news for anyone group wanting to live in a decentralized society, because it was one of the big problems.