I really liked this quote from Dan:
"There will be bad actors and communities will live or die based upon how quickly they identify and remove them. "
and as well, how he further describes this assertion in great detail:
"This free market competition in community governance introduces market forces to the governance equation. A blockchain that is operated by a corrupt dispute resolution system will see its currency sold in the market as people leave in droves seeking safe haven in new communities that better protect their rights. Only the most universally competent dispute resolution systems and blockchains will survive. Communities that enact unpredictable monetary policies contrary to their constitution will see their tokens fall in value rapidly in favor of more responsible communities.
Blockchains create a far more efficient market because there is no captive population forced to use the currency at gunpoint. Furthermore, there is no geographical constraints that force a person to use the same currency as their neighbors." - To quote DAN, get ready for a reshuffle of the crypto markets, in the next 6mo to 1 year
I am showing this to friends and familiy because it seems so much more ACCURATE than any critisism I am seeing in the last 2 weeks