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by MrMan 1541 days ago
I think there is a misapprehension in the original bitcoin design about the "root problem." is the root problem debt? is the root problem globalization? is the root problem capitalism? is the root problem fractional reserve banking? is the root problem mechanisms of governance? is the root problem human neurological wiring and our inability to find stable cooperative regimes that are not disrupted periodically by anti-social violence?

I identify many more pressing problems than than central banks, and trying to eliminate trust as a requirement is a naive and anti-social approach.

despite the fundamental conceptual limitations of bitcoin, its genius is its memetic tendency to coopt human social dynamics and create a whirlwind of FOMO and greed. It actually highlights what our actual problems as a global society are, and less trust is not the answer.

I personally would start from a different point of view. Given that privacy is impossible, and it is futile to try to support the illusion that the world is a limitless and open system, we should double down on trust, and create systems that make it easier to discriminate between actors as more or less trusted, and which improve our ability to reach consensus and maintain it. Systems which make trust more secure.

unfortunately these solutions are unlikely to be embedded in computer networks, but in my opinion will arise from genetic engineering.