source avatarJohan Nygren

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I'd guess they work for the same natural process that Bitcoin was a continuation of, global coordination. Your "financial industrial complex" is compensating for limitations in regional nation-states. We 1) don't have a world country, so international "glue" is needed, and 2) common law is great but imperfect, so some "wild west" private law globally is needed for the best equilibrium. This system is imperfect, which is why there is so much shit, but, the alternative isn't to tear its down, its to find better coordination mechanisms that solve the same problem, just like "the State" solved some problem a monarch did. Bitcoin (and its successor in a lineage of technology advances, Ethereum) has a lot in common with "the financial industrial complex" but also with "the nation-state". I mean, replace a monarch, you just get a new monarch usually, unless you form a new paradigm. Replace current global "capitalist stakeholder" class, you just get a new one (changing of guard) unless paradigm shift. The new one might be better but they're prone to the same incentive flaws as the old one, so they'll tend to "oscillate" around similar problems. Like monarchs, yeah some were better than others, but they shared the type of problems they had they just had it to different extremes.

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