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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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 […]
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.