Bitcoin And The Internet Are Bringing The End Of Nation States
Like the printing press before them, the internet and Bitcoin’s blockchain innovation are irrevocable forces driving the end of nation-state power.This article was originally published in Uncharted Territories.It’s 2050. The U.S. government just defaulted on its debt. It’s not meeting its social security payments. Hospitals are going down: they can’t operate without Medicare and Medicaid income. Old people line up outside the hospitals, hospitals don’t service them, they can’t afford it. There's a run on the banks that held too many dollars, they are collapsing. All of the governments....
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A conversation about Bitcoin’s ecological footprint, why Bitcoin is such a big organism and the shift from individual to nation-state adoption.
For Bitcoin adoption to thrive around the world, proper Internet access will be needed. However, that Internet access does not have to be similar to fiber optic speeds, as using Bitcoin does not require that much bandwidth from a transaction point of view. Bringing Internet access to poor people has been quite a challenge, but non-profit Outernet may....
In 2011 the UN released a report declaring the internet a Human Right, but over a decade later millions of people in developing countries still lack the necessary means for a simple WiFi connection, many of which reside in Latin America. This is due to industry control by a few large Internet service providers (IPSs), with a preference to upsell to their established customer base, rather than expanding to untapped regions in which millions of people are in dire need of connectivity. A Question of Human Rights These companies fail to prioritize sufficient connection quality & network....
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....
JAN3, the digital infrastructure company founded by Samson Mow in 2022 which focuses on accelerating hyperbitcoinization by providing tools for BTC adoption, stirred fresh debate on sovereign Bitcoin adoption by sharing a bold statement on X: Bitcoin adoption among nation-states is accelerating. Samson Mow explains how Bhutan leads the way, how JAN3 has shaped Bitcoin […]