- a few things fall apart when you start considering this statement that the author makes.
Younger generations doubt that the state will protect them from criminals, provide them with education, medical services and retirement benefits.In the same way, we trust the state because the government protects us from criminals, provide us with education, medical services and retirement benefits. For that, we pay taxes and we accept the right of the state to have a monopoly over the issue of fiat money.
Stopped reading after this.
Essentially an old school v/s new school thinking.
I am not sure who authored the paper for Andrew Sheng. A bit suspicious for a policy wonk to be writing authoritatively about blockchain..
While I'm skeptical about "bitcoin", "blockchain" and related crypto technologies have a lot of valid uses.