The Financial system is outdated but it definitely protects those in power. I do think transparent blockchain is a possible solution but I am unsure how the exact solution in block chain it will be. Though I think the networked states (or communities) might be better overall.
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The way I see it is multiple chains producing value for the entire world. Since the debt system is obsolete people will gravitate towards the chains with the most income streams. There will be some states/govt who will institute their own blockchain. However, trust is the new currency and right now fewer are trusting the politicians.