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At least one way I've tried to see a lot of this stuff is that it's people exploring what governance of the internet looks like. Right now, governments (analog) don't seem to know how to regulate the internet (digital). From this perspective, I can see cryptocurrencies as digital currencies, NFTs as digital property deeds, and DAOs being digital corporations/cooperatives. Others are talking of digital nations, which may get more towards the actual governance systems of these digital spaces, including property rights, freedoms, etc. So while these digital deeds don't seem to have much connection to the analog world, they may not need to, if digital governance comes about. That being said, I wonder if the main challenge with digital governance is not so much the digital part but the cross-border part. In other words, governments have jurisdiction over physical land and digital interactions transcend those boundaries. I wonder if many of the things people are trying to solve with crypto would be solved if we had more global governance. Global property deeds (right now, typically at most nation-state level, but also can be very local to city level), global currency (de facto USD right now but no official one), global company registration (at most nation-state level, but also lower as well), and global governance (the UN is there and many other standards bodies, but governance of many things still at most at nation-state level). So, it says to me there's a desire for more global (read: physical borderless) ways to interact, own, and regulate all of that and that much of crypto seems to be the skirting of nation-state laws and almost reinventing governance from scratch. |