The response long term to both parts of this is pretty much summed up in a response Barack gave a couple of years ago;
“What mechanisms do we have available to do even simple things like tax enforcement? If in fact you can’t crack that all, if the government can’t get in, then everybody is walking around with a Swiss Bank account in their pocket. There has to be some concession to the need to be able to get into that information somehow.”
Of course most of us realise how ridiculous that perspective is but that’s for another day I guess.
You would think looking at Crypto from a perhaps less informed perspective that the Blockchain and all it’s wonders (haha jks) are being courted and in many ways embraced by power brokers.
I think it’s understood by most the main reason it’s being facilitated is it’s a technology that doesn’t completely subvert the control/transparency side of things as much as many crypto followers would like to think it does. In plain English it can be slowly and subvertly moulded back towards the status quo.
SAFE will present a wonderful and at the same time shockingly disturbing paradigm I think for society at large. There will likely be minimal courting of the network once it fully unveils itself. I would think SAFE would be the obvious candidate for global enforcement but no matter how hard the pushback comes it will come a point when the questions will begin to be asked as to whether the benefits of the technology outweigh vested interests.
I don’t think the answer to that will ever truly be allowed to be yes but by the time that discussion happens well shutting the gate is kind of pointless as the horse will be relatively speaking already 3/4 of the way down the straight at Santa Anita/Royal Ascot/Flemington with no real chance of it being chased down.
Interesting times ahead…….