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Roman's avatar

A legal system (mediated by crypto-style mechanisms or otherwise) seems to be far downstream of social/moral/norm cohesion even (perhaps especially) if there is a tradeable financial interest in participating, as you point out. Large corporations have been more successful at building an inside-the-state legal system than crypto networks, in part because they require ongoing actions from their members, rather than mere financial market style hodling. Religions and political parties also have had some success in building non-state societies, but they also seem to be lower-commitment than corporations, with a shibboleth-hodl-enunciation required only a few times/year in many cases. Families are a higher-commitment framework with lower rates of layoffs and basically unsaleable tokens (you can even lose your stake if you piss off whoever's writing the will). To what degree do you think western society's people are too obsessed with free-market-style membership in most groups to join networks that would be sufficiently costly/constraining to develop cohesion and implement governance? Do you think a sort of generally anti-group ideology is part of the reason why crypto networks are trying to attract people as investors first?

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Notmy Realname's avatar

I haven't participated personally but I recently watched this retrospective on participating in a paid coin community from someone I think is reasonably neutral. She ended up selling https://www.youtube.com/watch?v=pkf0yoLsjgs

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