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balajis
@balajis.eth
Big fan of George Washington. He organized a successful rebellion against the most powerful empire in the world. The Brits who called him traitor grew to respect him. And the state he founded eventually exceeded its progenitor, as the sun set on the British Empire. Good role model! https://warpcast.com/ted/0x8fa0f9
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balajis
@balajis.eth
More seriously, I’m actually writing on this topic but let me offer a few quick remarks. First, blockchains are digital governments. They provide property rights, contract laws, and verifiable identities across legacy borders. That is *intrinsically* political: it replaces states. https://warpcast.com/ted/0x8fa0f9
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balajis
@balajis.eth
Second, the “collapse/destruction of society as we know it” has occurred many times through history. Russians, Germans, Chinese, Indians — all endured such collapses in the 20th century. Most people did! Even Americans experienced Great Depression, two World Wars, and Cold War. Long-term stability is unusual.
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balajis
@balajis.eth
Third, we need to be real. Powell is the pilot and he is crashing the plane. Any collapse/destruction is on him, and Yellen, and everyone who got us to this juncture. Crypto is just the parachute — not the pilot. It’s absolutely imperative to keep this in mind or else you are shooting the messenger.
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Mac Budkowski ᵏ
@macbudkowski
In Poland in XX century alone we had: 1900-1918: Russian/Austrian/German occupation 1918-1926: Parliamentary democracy 1926-1939: Presidential-authoritarian system 1939-1945: German occupation 1945-1989: Soviet Union occupation 1989-2000: Democratic capitalism
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