Governments are going to become obsolete, at least how we know them. They are dying already as confidence wanes. We are going to a world where networks are more important than geographic location.
There is going to be a decade where the old clashes with the new (especially with regards to power).
I wonder if they will be coopted or just become so beholden to private companies that they will create legislation at the behest of tech companies and pass it to keep company funding. They don't need their salaries with the wealth they are accumulating while in office. They just need to ne lobbists.
I would say we can certainly expect entities to use lobbying (bribing) to protect themselves.
That is why we have to keep pushing things further out on the decentralization and distribution scale. Every time we provide people with more options, that is another dent in the centralized armor.
I believe it was just a week ago that our SEC announced a press release prohibiting offshore crypto projects from offering their tokens to Filipino residents. I wonder how they will implement such an announcement.