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Obviously blockchain doesn’t replace meatspace governance, which ultimately relies on a monopoly of coercive force. But you can contractually bridge technologi
by K0balt 2y ago
Obviously blockchain doesn’t replace meatspace governance, which ultimately relies on a monopoly of coercive force.
But you can contractually bridge technological measures and the courts (electronic signatures are a common example) and programmable money could be used by governments to reduce frictions that do not serve any useful purpose, handle intrinsic taxation, self-banking, and on-chain credit systems.
Obviously the crypto-sovereign fantasy is unworkable, but technology can greatly reduce frictions and facilitate cooperation by reducing reliance on trust. Not needing to trust because trust is enforced by a technological system is a very effective tool.
The object would be to use blockchain to facilitate the functions of governance, not to replace them.