> and governments issuing their own coins. ... in which case they could just create a standard centralised system and avoid all the overhead of blockchain - or

> and governments issuing their own coins. ... in which case they could just create a standard centralised system and avoid all the overhead of blockchain - or am I missing something here? I don't see the point in mining coins when you could simply run a for loop generating uuids followed by perhaps signing transactions with public key cryptography. I feel like we'll look back at "web3" as a wild west of cryptomania. Perhaps we all need to start thinking along the lines of "Generation GPT" - this seems to be the next evolution of the Web if you ask me.