How Should A Nation State Hold Bitcoin?
HODLing the keys of a nation state might not be simple, but it's the first step to monetary freedom for countries.Quite a lot of ink has been exhausted writing about El Salvador as the world’s first nation state to make bitcoin legal tender within its territory. Moving from a fiat to a bitcoin standard isan essential milestone in bitcoin’s global adoption. Whether this move will gain support is a debate of its own right. Bitcoiners will have discussions on this matter many times over as Nayib Bukele, El Salvador’s President, acquires a growing portion of the strictly limited supply of 21....
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What is the current setting of nation-state monetary dependency, and where could Bitcoin take us?
A nation state is defined by UNESCO as one where the great majority are conscious of a common identity and share the same culture. Currencies and nations. The socio-cultural parts of a nation state form its backbone. Indeed, it is possibly for one nation to have multiple currencies or for many nations to share one. However, with the advent of the Internet, things have been rapidly changing. Traditional borders which were stiff and inflexible have melted away in the sense that today people can work internationally without having to leave the comfort of their own home countries. Sources of....
With the nation state game theory playing out in front of us, it is interesting to speculate on who may be next.
A new security report by Microsoft says nation-state hacker group Bismuth is now deploying cryptocurrency-mining malware alongside its regular cyber-espionage toolkits. According to the report, the deployment by Bismuth of Monero coin miners in recent campaigns has provided another way for the attackers to monetize compromised networks. Bismuth is reportedly backed by the Vietnamese government. Before pivoting to cryptocurrency miners, Bismuth had traditionally targeted human and civil rights organizations both inside and outside Vietnam using sophisticated techniques. However, according....
Some experts believe that the unique qualities of cryptocurrencies such as Bitcoin may be the answer to ending involuntary taxation as well as the nation state sooner rather than later. Stopping the monster in his tracks requires starving it of what it survives on. Cointelegraph sourced the views of experts within the crypto landscape about whether this assertion is in the affirmative. Beginning of the end. As P.J O’Rourke noted, giving money and power to the government is like giving whiskey and car keys to teenage boys. They will mess up, and alas that is what we are witnessing today....