All well and good but blockchain doesn’t invalidate the need for ‘good faith’, which is actually due diligence supported by rule of law.
What I like is this notion that there are still huge, opaque markets that are extremely costly to take part in. And that tech can whittle them down to be very fast, cheap and easy to participate in.
We pay inefficiency and arbitrage taxes on everything we produce and consume. How many cents out of a dollar I spend on bread go to someone whose only value in the process is manning a phone or providing working capital? The sooner those two go away, the better.
Those inefficiency and arbitrage taxes will then be replaced with social security / ubi taxes, as fewer people are needed in the workforce.
Which is probably a good thing, but don't think that you're going to see any substantial savings in the cost of your goods. If it doesn't go in taxation (because it's a unique thing to a few companies), it'll just be additional profit capture for those at the top.
There is an amount of life fulfillment that comes from working, and many would likely start having mental health issues (as we are seeing with the Covid lockdowns)