What's Blockchain Good For, Anyway? For Now, Not Much
Decentralized consensus between untrusted parties is a world-changing concept.<p>The fact that Central Banks &#x2F; Governments have &quot;chained the fire exits shut&quot; to keep people in their explosively bankrupt monetary systems is <i>not</i> a long-term viable situation.<p>There are a multitude of problems with global consensus systems as monetary systems.  But, something to consider is this:<p>Two-thirds of the global population are <i>not</i> served by the present system.  Focusing on how cryptocurrencies are &quot;used by criminals&quot; is astonishingly wrong-headed.  Once the world&#x27;s population has uniform access to viable, stable and useful money -- <i>then</i> I might start to consider how to help keep &quot;bad people&quot; off of cryptocurrencies.<p>However, I think that the Gold Standard in international malfeasance will continue to be &quot;suitcases full of USD or EUR $100 bills&quot;.  As it is today.  But, you don&#x27;t see governments or central banks falling over themselves to fix that problem.  Yet, they are actively preventing the unbanked from having access to viable money substitutes.