Atoms and institutions were used to build hardness/predictability in our world till now. Blockchains are new superior supplement to all. Fascinating read.
Blockchain is a globally accessible public database+compute engine with rwx for all.
There is no other database that can do it. G, FB, etc., are all privately owned.
"Hardness" abstracts some core beliefs we have as a society in assets and builds an analogy to some of our current beliefs in Gold and institutions.
Odd. One of the problems in accounting is the difference between tangible value that can be relatively well accounted for and intangible valid that generally doesn't have accepted principles for its accounting. I wonder how that value of Blockchain could be possessed. A public database might be useful in some use cases, but wouldn't it be counterproductive to privacy concerns?