It's definitely a technology that doesn't have a modern practical use, but in a case like solar system wide colonization, having automated trust networks would be incredibly valuable for simplifying transactions and movements
This is just flat out wrong, it wouldn't simply inter-planetary trading. Regional liquidity and market shocks problems would force the creation of individual currencies that can adopt to monetary policy to prevent economic collapse. These 'trust' arguments have zero economic reasoning.
Communities and nations do not need blockchain. Human trust and impartial arbitrators will still be necessary to do anything material.
It's definitely a technology that doesn't have a modern practical use, but in a case like solar system wide colonization, having automated trust networks would be incredibly valuable for simplifying transactions and movements
This is just flat out wrong, it wouldn't simply inter-planetary trading. Regional liquidity and market shocks problems would force the creation of individual currencies that can adopt to monetary policy to prevent economic collapse. These 'trust' arguments have zero economic reasoning.