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by rvense 1876 days ago
And this is the problem. Blockchain represents a revolution against existing financial power structures. I am personally far from convinced that this will go well, since we know from history that revolutions intent on removing power structures tend replace them. Even before we factor in geopolitics, I am not extremely keen on replacing my country's already too unchecked banking sector with some entirely unregulated, supranational line-up of blue-eyed ancaps and other speculators whose main qualification is owning enough GPUs in places where power is cheap enough to mine. I really don't see that working out well for me at all, regardless of the theory of democratizing access to financial services. Money is infrastructure, and those who own the roads set the tolls.