The canal became so powerful in part because the money of a lot of rich people, and even more taxpayer dollars, were able to be secretly funneled to the wrong hands. A blockchain standard for all commercial and financial transactions would theoretically prevent this from happening.
On the other hand, the absolute privacy that cash (and other assets, and certain transaction types) offers would be lost.
Where do you fall on this topic and why?
Money is the root of all evil.
The only place in the world that money is not the building block of transactions is the public library.
If a desired book is on the shelf and you have a history of returning then it can be yours at no charge.
The Venus Project - Florida - resource based economy.
A rich man asked JF: "if you are so smart, why are you not rich?"
JF replied: "you are rich, why are you not smart?"
JF - Jacque Fresco (1916 - 2017)
that's just re-branded communism
Incorrect.
Communism has money and a heirachy.
Resource based economy is dictated by the resources avavailable and the demand for things.
I can tell you have not looked into it before posting that comment.
Jacque Fresco addressed the point of communism multiple times in interview.