Thanks Peter for clarify this



I think we strongly need some innovation in decision making mechanism instead of technology. E.g. who get to set the rules and how to make sure the rules represent the interest of economy majority, and how to prevent some powerful guys from just ignore the rules



I don't think the traditional democracy model helps here, since in that case, who is good at politics would gain major support, and combined with lots of technology smoke, they would get their agenda passed. Blockstream has demonstrated how to do it: on chain scaling BIPs can not pass the vote of core devs that is controlled by them



Maybe that is a problem of the universe itself: The increase of entropy is one way, not reversible



Even if you write something in stone like "limited total money supply of 21 million bitcoins". As long as humans are involved, they would change it sooner or later, just like they abandoned the gold standard, in the name of democracy (I guess that decision also passed vote in senate/house)



Of course the users can always vote with their feet, but that is not a optimal solution since they can't do long term commitment if they must prepare to run at any moment