Nation-State Bitcoin Strategies Envisioned
What is the current setting of nation-state monetary dependency, and where could Bitcoin take us?Let us consider the nations of the world, their standing as monetary powers, as followers, victims, and outcasts. How will these nations use Bitcoin strategically?There Are Four Kinds Of Countries TodayMonetary HegemonsThese are countries with massive sway over others. Other nations hold their currency as foreign reserves. They control the primary unit of account in global trade. When they print money they earn “seigniorage” profits, not just from their domestic population, but from the many....
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HODLing the keys of a nation state might not be simple, but it's the first step to monetary freedom for countries.
In a keynote titled “After Voltaire: The Next Evolution of Cardano,” Charles Hoskinson, the founder of Cardano, unveiled an ambitious roadmap that could see the blockchain ecosystem running a nation-state by 2030. Hoskinson envisions this nation-state as a substantial entity, potentially serving tens of millions of people. We as an ecosystem have to make a […]
David Bailey, CEO of Bitcoin Magazine and organizer of the Bitcoin Conference, has projected that nation-state adoption of BTC is imminent, with investments potentially reaching billions of dollars in the near future. Bailey, a prominent figure in the BTC community, shared his insights on X, highlighting an “undercurrent of Bitcoin nation state adoption” occurring behind […]
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.