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.
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....