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America is the archetypal utopian anarchy. It doesn’t The wild west was tamed by the railroad. The pattern has repeated: the telegraph, jazz, rock ’n’ roll, free love, computing, micro-computing, women’s movement, file sharing, the internet the metaverse, the cryotoverse. All of these start with a grand narrative: the promise of radical change: the redistribution of wealth and social power. But narratives need direction and the more is at stake, the more quickly will leaders, svengalis, power structures and power brokers emerge. These are the monopolistic forces of scale. Those who acquire power will acquire more of it: wealth begets wealth. The utopian state of equal empowerment is not stable. | America is the archetypal utopian anarchy. It doesn’t The wild west was tamed by the railroad. The pattern has repeated: the telegraph, jazz, rock ’n’ roll, free love, computing, micro-computing, women’s movement, file sharing, the internet the metaverse, the cryotoverse. All of these start with a grand narrative: the promise of radical change: the redistribution of wealth and social power. But narratives need direction and the more is at stake, the more quickly will leaders, svengalis, power structures and power brokers emerge. These are the monopolistic forces of scale. Those who acquire power will acquire more of it: wealth begets wealth. The utopian state of equal empowerment is not stable. | ||
===The requirement for faith ... By the punters=== | |||
A core component of any viable paradigm or power structure is unalterable tenets: a set of convictions, devout beliefs or articles of blind faith that must be held by persons in the power structure ''other than those in positions of power''.<ref>indebted to David Rosenthal’s excellent blog post here: https://blog.dshr.org/2022/02/ee380-talk.html?m=1</ref> | |||
So permissionless blockchain requires a conviction that crypto is going to the moon, to be held by those who buy crypto, but not those by those who sell it for fiat (miners) or make markets in it (intermediaries and brokers). | |||
Same goes for financial markets (re issuers and brokers) | |||
Same goes for law: doctrines must be faithfully applied by users, can be adjusted by judiciary | |||
Same goes for faiths (shamen need not and often do not subscribe literally to the unalterable requirements of their faith; as long as they publicly do nothing to undermine it). | |||
{{sa}} | {{sa}} | ||
*[[Paradigm]] | *[[Paradigm]] | ||