OK I'll keep it quick: programmable business. Business that works by algorithm, not by human. In the end, because of reduced friction, all humans win in an epic fashion. Friction = poverty.
In my own work I've been calling it computed value flows. What it works out to is being able to offer an incredible level of granularity by having programmed specifications for financial transactions that don't require any human interaction. This means that they will operate under certain known parameters with clear if-thens or other algorithmic judgements.
But by and large, people won't make these judgments except in a very macro sense. I imagine that @charlieshrem is working to create a set of algorithms for essentially routing flows of value. Oh, and yeah, I think it's pretty great.
People are an essential component of private equity. A blockchain token-based fund is not going to change the human element of PE.
I agree with you entirely. In the end even the crypto economy is about the desires of human actors.