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this post was submitted on 18 Aug 2023
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Great points!
The reason I jump to recommending crypto rather than a co-op (I'm actually a libertarian-socialist and am a big fan of co-ops) is that, unless you make it impossible for people to be corrupt through public ledgers and DAO's, they eventually WILL take the opportunity to be corrupt.
If implemented correctly, crypto can be harnessed as a technology that makes corruption IMPOSSIBLE.
IMO, it gets a bad rap because of bad actors and the public's misinterpretation of the power structures of sketchy, centralized implementations of the tech (like Luna and FTX). However, a truly decentralized, open source chain could definitely be the backbone to a truly trust-less, truly decentralized version of this. If you really look into it, the more decentralized a crypto project, the more it can be trusted.
For me, the best trust metric that seems to hold strong over the years is initial token allocation.