peer-to-peer interaction with no regulations, norms, middlemen, or trusted parties is actually a bad way to empower people.
…A lawless and mistrustful world where self-interest is the only principle and paranoia is the only source of safety is a not a paradise but a crypto-medieval hellhole.
Read the whole thing. Suppose that the population that is eager to adopt blockchain consists mostly of people who are really annoyed by existing laws and business practices. Dealing with such a population on a regular basis is probably not a good way to enjoy low-risk, trouble-free interactions.
On the other side, the blockchain Kool-Aid includes stories like this:
The trend toward blockchain agriculture promises to make each step of growing and distributing food simpler. It will offer all parties involved a single source of truth for the agriculture supply chain. In this article, we’ll cover four key ways that blockchain is changing agriculture.
I take Stinchcombe’s side on this one. Note that I scheduled this post a week ago, before Tyler linked to the same piece.