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Will Sanctions Exist in a World That Runs on Web3?by@gvelez17
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Will Sanctions Exist in a World That Runs on Web3?

by Golda Velez3mMarch 10th, 2022
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In a Web3 world, would you be more or less helpless to respond to events in real life? Suppose the transformation to Web3 -- whatever that means to you-- were already complete when the tanks started rolling into Ukraine. If you, like myself, felt horrified by this, in a world of independent agents are we then all equally responsible for stopping violent aggression? Or are none of us responsible at all? Setting aside the question of responsibility, let us examine agency. Suppose that I wish to do everything in my power to stop the invasion. In a Web3 world do I have more, or less power than I do today? Do I have the agency to decide not to do business with Putin's proxies? Or if all my transactions are in anonymous Monero, would I have no way to know even if I were dealing with him directly?

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