Bitcoin has not in any sense eliminated human politics
June 16, 2017 10:18 AM Subscribe
"It can enforce contracts, prevent double spending, and cap the size of the money pool all without participants having to cede power to any particular third party who might abuse the power. No rent-seeking, no abuses of power, no politics — blockchain technologies can be used to create “math-based money” and “unstoppable” contracts that are enforced with the impartiality of a machine instead of the imperfect and capricious human bureaucracy of a state or a bank. ... Unfortunately this turns out to be a naive understanding of blockchain."