Another fun thing from that book is a fantasy on how things will be better because you can't revert things. It's essentially digital feudalism combined with populism. How could that possibly go wrong...
That's just not the world most people want to live in...
Multi signature wallets exist.
Well... with a traditional bank, everyone knows that in a pinch you can just show up at any branch of your bank, present a government issued ID card and get your money. That doesn't need an user manual or any technical knowledge.
Setting up multi-sig wallets and actually working disaster protection however? That needs a looot of knowledge.
I made this exact argument in discussions with "blockchain" proponents, in discussions of why "code as law" was not good, and got near-universal, vehement disagreement. I suspect that you underestimate how many people argue it.
2009.
Why do I think that Spiderman has just schooled me on my age.
There's a lot to be said for pseudonyminity.