"A lawless and mistrustful world where self-interest is the only principle and paranoia is the only source of safety is a not a paradise but a crypto-medieval hellhole."

The problem is not the blockchain per se, but rather the assumption that countless self-interested parties can eventually create a working system (spoiler: they can't). Trusting the transactions is not enough, you need to trust the people. And what better way to build trust than a ?

@Antanicus yes and yes. And what trust can online cooperative ownership build one may ask? Trust that your data isn’t being used without real consent. Trust that your contributions are valued and remunerated in some form. Trust that your voice (through democratic governance) is really heard. And trust that what you invested in emotion, time, and/or content, and have come to rely on for connections or commerce isn’t arbitrarily degraded or taken away from you in service of other’s interests.

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