On Blockchain, Intermediaries, and Hype
I appreciate this article for its smart and cordial criticism, but as I&#x27;ve pointed out before, the decentralization of currency enables the separation of state from wealth, which will, for example, allow people in Venezuela or India to exit their national currency and take control back from their oppressive leaders.  The world is already moving to digital cash (see India). The question is whether we want this digital cash to be completely controlled by a central bank or and oppressive leader and traceable by the government, or whether we want this digital cash to be global and decentralized, shared by people of all states.<p>If a person becomes a refugee, they can memorize their brain wallet and cross the border, keeping their digital gold and wealth intact.  This is an example of a problem a centralized database cannot solve.<p>(these ideas originate from Andreas Antonopoulos)