Agree with everything you mentioned. I'm just unsure if this is the initial phase which we come out of. For example, the rich and the intelligent will have to figure out how to flex their financial muscle in a way that's beneficial to everyone. The focus will be more on the problems of wider society then on the success of individuals and businesses.
Still undecided.... but yes, we are in a deep hole with education, health, society...
A deep hole indeed. One of the main positive externalities of Bitcoin (imo) is it has become a Schelling point for productive, healthy and forward-looking humans. I believe that the humans utilizing this Network to accumulate capital will eventually coalesce around global hubs where things like direct democracy will be viable. It’s a sort of filter. Then from those early successful examples others can copy what’s worked and replicate in their localities. That’s my greatest hope.
But I’m still not sure if democracy is the answer. I think markets are the ultimate voting mechanism and capital the way in which votes are most effectively cast. Hopeful for the future regardless.
