Earlier quoted context omitted.
Peer-to-peer cryptocurrencies do not need intermediates. For governance, one can use smart contracts. This is why things like ConstituionDAO can happen. https://en.wikipedia.org/wiki/ConstitutionDAO If it’s good or not is another topic, but it is definitely possible to skip banks and other middlemen.
Funny how just hours ago, rosndo was just falsely claiming that "That low-effort shilling hardly exists on HN", and then there you go. https://news.ycombinator.com/item?id=30194128
“shills” to me are more like commenters such as rasengan, who is actively advertising his cryptocurrency-as-DNS nonsense whenever given the opportunity.