To me, this reads as "If we, as a society become better people, we don't need other solutions to address how not great of people we are". In other news, water is wet.
I feel as if the author seems to somewhat misunderstand the relationship between those who have less and those who have more. There's a fundamental lack of trust (which really erupted in 2008) that kicked off this whole crypto/web3 thing.
We tried the "trusting people" route and it didn't work. The incentives are just too misaligned for "trust" to ever work (in my opinion). So, techies basically said "Fu$k it, I'll build my own system to do what you (those who have more) _should_ be doing".
This articles seems to say that we don't need all these complex solutions to problems that can fundamentally be solved by just...being better people? But that has never, and will never happen. We all wish we lived in a perfect world where everyone does the right thing - but that is just not the reality we live in. So these "decentralized/distributed systems" (e.g., Bitcoin) are our way of removing the human component from the equation.
I feel as if the author seems to somewhat misunderstand the relationship between those who have less and those who have more. There's a fundamental lack of trust (which really erupted in 2008) that kicked off this whole crypto/web3 thing.
We tried the "trusting people" route and it didn't work. The incentives are just too misaligned for "trust" to ever work (in my opinion). So, techies basically said "Fu$k it, I'll build my own system to do what you (those who have more) _should_ be doing".
This articles seems to say that we don't need all these complex solutions to problems that can fundamentally be solved by just...being better people? But that has never, and will never happen. We all wish we lived in a perfect world where everyone does the right thing - but that is just not the reality we live in. So these "decentralized/distributed systems" (e.g., Bitcoin) are our way of removing the human component from the equation.