TODO: study the process of commoditization of a few more things. There has always been some abuse at first, but eventually it is a step forward for humanity.
A few further examples of this:
- People easily created multiple variants of Bitcoin itself
- Ethereum ICOs being an accessible equivalent to IPOs
- Decentralized Finance being an accessible equivalent to financial products
- Memecoins being an accessible equivalent to gambling
Consider how in each example, setting up the authority needed to execute the given action (a new bank, IPO, a financial product, casino) is quite hard to achieve in the realm of Human-based Trust, yet is much easier in the world of Science-based Trust.