A 1997 Prophecy: Bitcoin And The Unfolding Of ‘The Sovereign Individual’ Thesis
1997’s “The Sovereign Individual” is remarkably prescient, with its predictions of how society will change coming to life with Bitcoin today.The following is the written version of a video presentation which can be viewed here.The Waning Of The Modern Age“In our view, you are witnessing nothing less than the waning of the Modern Age. It is a development driven by ruthless but hidden logic. More than we commonly understand, the next millennium will no longer be ‘modern.’ We say this not to imply that you face a savage or backward future, although that is possible, but to emphasize that the....
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As companies adopt Bitcoin, they will begin to gain new levels of leverage over the state and amplify their ability to do commerce globally. The post The Sovereign Company Thesis appeared first on Bitcoin Magazine.
Developing self-sovereign identity should be a leading priority for every company, legislator and investor engaged in the security industry. To navigate well in a digital world, we must be able to easily and securely establish our digital identity. Traditionally, a username, password and some trivial arcana like our first pet’s name have been key pieces of information held by institutions to establish our digital identity. Unfortunately, this system has come at a high cost.Trusting third parties to securely hold our personal data is a risky — and often losing — proposition. The number of....
The disruptive nature of blockchain technology is easy for people to conceptualize in the field of finance. T+3 interferes in traders being able to maximize earnings – payments shouldn’t take days to process while an email can be sent in seconds. As the first use case in many to come, finance is a perfect use for the blockchain. But a trend toward new use cases is emerging, and one industry that is ripe for optimization and increased efficiency using this technology is healthcare. Consider all the sensitive information that is associated with health: identity, diseases, treatments,....
“Bitcoin unlocks financial sovereignty, but its ideals and technology pave the road for the possibility of a fully-sovereign individual.”
Personal servers, like Umbrel and Start9’s Embassy, are ways for people to have more control over data and become more sovereign in the process.