…y miner, every person writing the software, and all the internet providers and so on along the way. But, unlike the banking system, the intermediary in the Ethereum universe has no agenda: it doesn’t make policy. It doesn’t make rules. It doesn’t surprise you with unexpected fees. It doesn’t change the rules of the game between you kicking the ball and it arriving in the goal. The intermediary in Ethereum is transparent: it simply serves to carry out your will, your instructions.
…uld be left to leaders: corporate lobbyists pushing agendas on our elected officials, for instance. The result is a world in which nearly any organization which truly enjoys economies of scale — from a national grid through to Wal-Mart — will tend to reconfigure the environment in ways which make it more profitable. We create these giants in the name of efficiently serving our needs, but they wind up ruling over us as if we had elected them with every dollar of our spending.