https://vitalik.ca/general/2021/03/23/legitimacy.html This is a fascinating article about legitimacy in the context of cryptocurrency and blockchains. What I thought was interesting was the list of the theories of legitimacy and how it can be obtained. The first two items, listed below, sound exactly like how our current system of government operates. Legitimacy by brute force: someone … Continue reading The Most Important Scarce Resource is Legitimacy →