[shrugger]

missed a couple Govt classes? The existence of central banks are opposed by people who want to restrict third-party control of their money, not let any loser who walks by have a say (like DAO)

Ethereum is a bad idea and people are too embarrassed to admit it. I get it. However, turning around and shoehorning that sentiment into "They don't understand central banking" is just foolish and highlights the sort of headstrong obliviousness that has essentially springboarded DAO into the spotlight to begin with.

Smart contracts aren't good for stupid users. Someone outsmarted a big group, now they're having a fit because all of their money is going to leave, and rather than walk away from the poker table with their head hung low, they've decided to just rob the dealer and try for heisting the vault while they're at it.

And then they have the gall to say "Oh, you just dont understand the purpose of central banking" as they oppose a system that they put in place to benefit themselves, by themselves.

[wslh]

What (I think) OP is saying is that at the end power is what matters and the power is not evenly distributed like the blockchain. Looking at the long block size discussion you can see which stakeholders has power while others just watch.

I am long on cryptocurrencies but the community at large needs a reality check to see where they currently fit.