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RE: Two Issues Solved: Now The Next Major Challenge
I agree with most of what you say about disruption of financial and internet firms. George Gilder has said the same in Life After Google.
Regarding government, there is certainly opportunity to dramatically reduce the scope of what they do and focus them on their core functions of law, order and defense.
However they and the nation states they govern cannot be replaced until we are able to leave our weak biological physical form. Until then the blockchain can’t provide the physical security we need to survive.
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Governments will always exist on a macro scale and that's probably a good thing for the foreseeable future. For individual functions, new technology like blockchain will force them to either become more efficient and transparent in their dealings, or render them redundant.
I reckon thugs are losing their potential ability to project power, due to technological advances in security becoming available to individuals, that have formerly been the sole province of institutions. Consider how pointy sticks and chipped rocks decreased the ability of primeval thugs to impose their will on people, and that technology always disperses to individuals over time. One guy with a spear could convince an unarmed group of thugs to leave him be, and he could retain his property despite their attempt to take it.
Now we have technologies eventuating that make even an entire army of armed thugs helpless to project the power of overlords, and 3D printing will enable individuals to manufacture such security at home, at will, and at their sole option, no matter what any gang of thugs might demand.
Consider how hypersound, microwave beams, and other such mechanisms render assailants physically unable to impose force, and project such power being in the possession of every single person on Earth.
Traditional power, government, and even war itself, are obsolete.
Thanks!