Most of the political systems in most of the countries are currupted. Government collect Taxes but in return we get very less advantages. There is a doubt about the knowledge of ministers too.
If we can introduce a common governing system for the world without politicians I think it will be more friendly to the people. Government can be handled by group of people like this. That means same as what we do here in crypto. So there may be varities of ideas. Group of moderaters can pick the best ideas and apply them to the system. It will cut off the additional cost of maintaining ministers and will be more human friendly and real time updated.
)))) My highpoints from
https://www.ccn.com/will-bitcoin-vindicate-nobel-laureate-economist-friedrich-hayek/1. Idea that public institutions, such as the US Fed or the ECB, are the only expression of public interest is one of the greatest misconceptions.
Idea that money creation is the exclusive prerogative of sovereign nation-states is one of the greatest misconceptions.
2. In 1976, F.A. Hayek the 1974 Economics Nobel Prize winner (Austrian School of Economics) wrote a pamphlet titled Denationalisation of Money, in which he foresaw the emergence of privately issued moneys which could compete among themselves and against the governments monopolies.
The governments monopolies prevent the discovery of better methods of satisfying a need for which a monopolist has no incentive.
3. The threat of competition from private monies imposes market discipline on any government that issues currency. If a central bank, for example, does not provide a sufficiently good money, then it will have difficulties in implementing allocations. This may be the best feature of cryptocurrencies.