Yeah, except a good portion of the errors made in those 200k years at least had the excuse of being new.

Blockchain stands apart as repeating every single problem the financial system solved over the last 300 years, while being driven by a community best defined by their arrogant dismissal of that very financial system they are reinventing, piece-by-piece.

Turns out civil society (i. e. laws, courts, institutions, economics, shared fictions of value, and trust) cannot actually be replaced by an algorithm quiet as easily.