Wow! Stephen Diehl explains exactly my view of cryptocurrency far more eloquently than I ever could.


Some of the comments on HN are actually quite good:

“Mark my words, Tech people believing they can solve political problems with technology will doom us all.” - AnIdiotOnTheNet

I think the rub comes down to this:

Cryptocurrencies are an experiment in a different kind of government than democracy. It’s a technical solution to a fundamentally social problem, namely, how to govern money.

With that in mind, the right kinds of questions to ask next are: Do we prefer crypto over democracy, or democracy over crypto to govern our money?

We should be comparing crypto to existing solutions in this space (like democracy) and see which solutions we like more.

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