Narrowing down the range of rules to easily define governance is actually a widely understood concept that applies quite frankly to many things, but at the end of the day, the world needs a "unified economy", not an imbalanced world with consistent attempts are made by disadvantaged people to flee the hell lands to greener pastures. This as we know only leads to these locations being highly populous and with this comes a lot of demerits.
Now what am I talking about here? The world obviously, and more importantly, the way the economies of the world are widely separated and these are the actual causes of many of the problems we have. When you look at countries' individually, you'd notice some well performing economies right? But if you look at the states within, we may see some struggling areas, and when you look to the continental level, you see more widely imbalanced numbers, this is because there's no unified system of value built for "the world" as a collective.
Today we have the SEC telling us they are protecting us, tomorrow the IMF giving advices nobody should actually care about, and the next more and more, systematically designed to go on repeat, nobody stops to talk about establishing any "global value system" that allows the collectives of all nations to tap into the resources of richer ecosystem, none, and this my friend, is the reason cryptocurrency and all products under its umbrella is hated - there's a unified structure for value transfer, present.
The Interoperability Of Blockchain Technology
Although not many people think of it, cryptocurrencies are actually built to not discriminate, it is becoming increasingly easier to move value around the ecosystem regardless of where in the world a person is based. The blockchain does not care, quite frankly because on-chain operations are not subject to GEO networks in any way and this is hugely thanks to how the Internet allows for the syncing of data amongst diverse computers across the globe.
Blockchains are built to be interoperable because there's value in a unified data transfer medium and this practically allows every investor to choose their individually found "network of value and integrity" to pack their wealth. This is looking at the fact that blockchains have different consensus mechanisms like proof of work(PoW), proof of stake(PoS), delegated proof of stake(DPoS), proof of history(PoH) by solana and many more. This is a similar concept to how each nation of the world is built on different laws, blockchains effectively represents nations and stakeholders or the users effectively agree, live and operate by these laws.
But unlike the economies of nations of the world, which are very separated due to diverse degrees of greed, blockchains have "communication channels" that allow networks to interact with each other and likewise pass across values to each other. This medium allows individuals to easily migrate when needed or simply to move value for the purpose of investing in a new ecosystem.
All of these do not exist in the present world because the government wants a system whereby all the values are trapped within the four walls of the nation as opposed to the flexibility to move across other economies - this is how to establish power after all. To a centralized system, interoperability is a huge disadvantage but to decentralized economies like crypto, it is but a "value system" and allows most rapid developments for increased value streams.
Posted Using LeoFinance Beta