> ... an identity-free mechanism that empowers distributed communities cannot avoid over-empowering centralized plutocrats pretending to be distributed communities.

Vitalik Buterin, _Proof of Stake_, Pt 2, "On Colusion", p. 157

I've been reading this series of essays by the founder of #Ethereum (also formerly involved with #Bitcoin magazine). They're good reading, with lots of theory discussed by someone much more well-read than I. I love the way he quickly dismisses finance as the primary target of #cryptocurrencies and #blockchains, instead conceiving of a virtualized and distributed computer ... and the way he intently focuses on the costs and benefits of distributed networks and governance systems.

Note: I still own zero of any cryptocurrencies, despite my belief that minority communities in particular should transact part of their business that way.