[macroexchange]

unfortunately our current global network doesn't allow for proper delegation of trust, so your vision is more like a dystopia where a few single corporations and ultimate governments have ultimate power. homomorphic encryption is way too limited to allow these things. traditional encryption is only about encoding channels, its not about solving runtime and delegation problems. it seems more like its going to be the other way around. giant institutions will be replaced with DAC's which perform the desired functions of users/citizens. I'd be happy enough if iPhone would be an open system where I can run my desired OS of choice, with open hardware components and profits going not to already rich investors, who pay close to 0 tax using Irish/Dutch shell companies, but also more to employees and customers.