minimal case for blockchains: right now a class of very select people has a monopoly on creating & testing enforceable governance mechanisms. also, these enforceable governance mechanisms are often underspecified: it's often not clear how to apply them, leading to corruption in ambiguous cases. DAOs (and in general distributedly running unchangeable code) are avenues to perform many different such experiments—the cost of starting a DAO is *far* less than starting a new country, and it's
s it therefore strategically better to not try to drive people *out of crypto*, but trying to drive good people into crypto? as a sandbox for civilizational sanity interventions (https://musingsandroughdrafts.wordpress.com/2021/03/24/my-current-high-level-strategic-picture-of-the-world/index.html)
the downside of crypto seems quite limited, much more than the upside of crypto is limited (though conditions apply)