[II2II]

On the other hand, what would the world look like without democratic governments? Look at history, and you will notice that it is rarely better. Those who seek wealth and power aren't created by governments, nor will they magically disappear if governments disappear (or if their power is neutered). At least democracies have some checks and balances, even if they are nowhere near as effective as we need them to be.

[trutannus]

> On the other hand, what would the world look like without democratic governments

Nobody here is advocating against democracy. People are just pointing out that blind trust in state institutions is equally as illogical as blind trust in the EVM. States have a track record of serving the powerful first, and sometimes exclusively. Trusting apparatus with a track record like this masks a sort of flawed optimism, just like putting your hopes of change in the blockchain.

[AnIdiotOnTheNet]

Why are you so insistent that the trust necessarily be blind? Having legislation is the first step to getting banks to comply with how we think they should work. What's the alternative method of coercing their behavior?

[trutannus]

The initial discussion started with someone saying something to the effect of "just change the law, easy". To me, that reads as "just use the government, it'll be fine". Perhaps it's just me, but that sounds a lot like blind trust in an institute.

[MrMan]

crypto is inherently anti-social and antidemocratic, or at least all the ones I know about.

[raspberry1337]

>what would the world look like without democratic governments? Look at history, and you will notice that it is rarely better.

Why would one look at history? Democracy is a modern phenomenon, and many modern states are republics, designed not to be full-blown democracies.