disclaimer: this is an unedited brain dump
And web sites are obviously too centralized.
Ven is the perfect bad example: https://hubculture.com/groups/237/news/362/
When it comes to systems with as big an impact as a global currency, regulation is better than being unregulated, but that isn't saying much. Regulation is obviously a system of control. Who's controlling it? If elections can be hijacked (consider campaign donations), if the FDA can be hijacked (consider industry funded research), then pretty much everything is corruptible given stakes high enough. A corp only has to sway it a little bit to make a lot of money.
Computers are easily fooled. Figure out the algorithm and you know how to manipulate it. Blockchain tech is based on automated consensus. It has been estimated that just a few million dollars of hardware could hijack the Bitcoin block chain. That is not a lot from a large corporation's accounting department's perspective, especially if the expenditure pays for itself.
And they call block chain tech decentralized? Maybe LESS centralized.
Truly decentralized systems do not depend on consensus at all. For example, free market economies are decentralized, and fair market price is not a price that people get together and agree upon. In fact, that's called price fixing and it's criminal for good reasons.
How can we build a "free market" that is not scarcity based? Up next...