The irreducible question that will determine the future (or lack thereof) of #blockchains, #cryptocurrencies, #DAO’s, #web3 and even #chartercities is:

Can sufficiently advanced #tech fix, or at least cancel out, the mendacity and fallibility of any mass of human beings — flaws that have manifested themselves invariably through History?

Examples:

👉 A friend told me recently that central planning of the economy could actually, finally, work this time, today or in the near future, because increasing computing power means that #Hayek’s “knowledge problem” is gone. (I remain sceptical.)

👉 For a while it seemed that #WallStreetBets, the #GME and #AMC wars, etc meant that individual investors could coordinate against the money behemoths to make markets more fair and fix injustices. (I was sceptical from the beginning, and I think I am more or less vindicated by now.)

👉 Are DAO’s viable and efficient beyond very limited, fringe experiments?

👉 Can we be confident enough that #ETH, #BTC, etc won’t rewrite their chains and change the rules as they go to serve contingent interests?

👉 Can #Communism, #Anarchism, etc actually, finally work this time if we entrust governance to a very sophisticated {network, protocol, chain, algorithm}?

Humans will always be able to override code, or lead the masses to ignore certain segments of code.