Blockchains with institutions

This is the first in a series about social aspects of blockchains. I began writing an article that launched straight into an application, but it was too confusing without first laying some general groundwork on ‘blockchains with institutions’, the subject of this article. As a teaser, the article I had begun was discussing a design for a democracy that is significantly harder to overthrow than existing designs, by making democratic institutions inseparable from a nation’s currency.

I strongly feel that the surprising discovery of Turing-complete blockchain computation by Vitalik Buterin in 2013 is a huge and completely unforeseen game-changer in social philosophy, and that there is far too little awareness of its implications among philosophers, economists and other social theorists.

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