Every human society in the history of forever has developed social hierarchy. Liberal democracy is the best we've come up with to balance the interests of the individual with our tendency to create hierarchal power structures. Public key cryptography is not going to breed this out of our DNA.
Discussion
Agree that incentives toward self sovereign values will not destroy social hierarchy. In fact it will probably make the hierarchies even more overt. After all, we are all in charge of our own decisions and our own consequences and we each bear the burden of proof of work in our own lives. Respect of that work will flourish, and so will the hierarchies that respect creates.
At least we’ll have fathers at the head of their household again
I am not confused as to the fact that yes, a lot of people who subscribe to these political views have a culturally conservative agenda.
Liberal democracy is build on promising future money to people that doesn't exist in the present. What could go wrong if politicians can spend money they don't have in the budget to buy more votes?
Everyone wants free money and nobody wants to pay for it.
The ultimate public pasture problem which slows the economic growth in the first place.