2nd Call for Submissions: Stanford Journal of Blockchain Law & Policy

When you pursue regulation remember the promises of blockchain, it is essentially liberty. Humans are tired of corrupt money. In the West money is printed to give bankers, in Africa it is printed to give soldiers. Blockchain technology will force governments to change, because they will rightly have limited ability to cheat and look after special interest. It will be about ability, not connection.

However this does not mean there is no role for bankers, society will always need a pool of money and those with expertise in looking after that pool of money, bankers. Cryptocurrency in a wallet is just a fancy way of keeping money under the pillow it does not earn any interest.

There will be still a role for governments, to enforce contracts and collect taxes to ensure there is a justice system, a police force to protect citizens and an army to protect the country. However rampant spending will come to an end, there will only be so much money, that can't b printed at a whim. Look at the vision of blockchain not what is going on right now.