Cryptocurrency: Leading To A Day When Governments Have To Compete

in #hive-1679222 years ago

The situation in Sri Lanka is all too familiar. A government that is totally corrupt collapses as the population of the country suffers. Of course, this was going on for some time as the heads of the government enriched themselves while most others were poverty stricken.

It is something we see far too often.

Throughout the world, tyranny is being ratcheted up. Oppression is achieving a new level. This is throughout the entire world. Nobody is spared.

Unfortunately, we are in for some pretty tough days in the near term. There is some light at the end of the tunnel though.

Cryptocurrency, along with a host of other technologies, are going to aid in our efforts going forward. It might be difficult to see now but we are about to make some major strides.

There will come a day when governments around the world are competing for people.

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The Monopoly Is Going To End

Government's main advantage is the fact that it is a monopoly. When it comes to governance, there are few alternatives. People are forced to endure whatever rules are set forth, based upon where he or she is located geographically.

Blockchain brings forth the possibility of decentralized networked-states. Here we see the rise of the digital world starting to impact the choices people make. One marked difference is where thousands of people are opting to earn their living. By turning to cryptocurrency, many are enhancing the foundation of a system that is designed to provide alternatives.

These networks come with their own governance models, ones that differ greatly from the nation-state.

Some might argue that blockchain systems cannot threaten governments. Here is where something like the Hive Borehole Project stands out. It is providing something that is basic to the lives of people in those communities: local water.

Utilities are usually the domain of government entities. Yet here is an example of where a blockchain took over the construction.

Also, few can doubt the power of network-states as created by the likes of Facebook and Google. These are effectively major countries when it comes to their size. Their cash flow also surpasses that of many smaller nations around the world.

As an ecosystem such as Hive grows, the power it will yield in terms of economic productivity expands greatly.

These digital economies will affect people's lives more than their national ones.

Many Becoming Free Agents

With more people starting to gain their "living" from cryptocurrency, we are going to see a massive expansion over the next decade of the digital nomad. On the Internet, when digital assets are acquired and providing a return, one's wealth is not geographically based. Since it will be secured in a decentralized wallet that the person owns, the ability to move is much easier.

This could present a problem for many areas since they are dependent upon taxes. If migration outward starts to occur, this will cause an even bigger mismatch between revenues and expenses. Much of the developed world is already facing large demographic issues, meaning their economies are targeted for adjustment.

What happens when people have the ability to relocate to a different area? More importantly, how do things look when some countries get very aggressive in their pursuit of adding more people?

Ultimately, we could get to the point where digital nomads force the globalization of real estate. Areas that are heavily populated, which see a migration out, would have prices falling while the opposite happens in those areas where people are relocating to.

Economies will be greatly influenced by these factors.

This is something that governments will be confronted with. Of course, like always, it will only occur after the trend is firmly in place.

The Shift To Appeal

Governments are about power. This is fairly evident to most of us. No matter the system nor the party in place, it is about expanding their control over people so the few at the top can enjoy the majority of the benefits.

Decentralization shifts that a great deal. Even in the networked-states, we see the same type of behavior. Disagree with Mark Zuckerberg and Facebook, miraculous one's digital life, at least on that platform, ceases to exist.

This is the power of monopolies, or near-monopolies. There really are few choices.

Web 3.0 is already starting to provide a different path. Even in the embryotic state, we see how account ownership can make a difference.

The central premise of blockchain is that transactions on the ledger are immutable. This is a foundation from which an entire system of applications springs, providing people with a large number of options.

Here is where we might see the radical transformation entering. When countries are losing people, due to demographics and migration, along with many operating under different governance models in their digital lives, how long until these governments have to start getting aggressive in their pursuit of people?

Therefore, governments are going to have to be appealing as compared to oppressive. When large groups of people can simply relocate due to the fact they are not dependent upon a local geographic area, the entire equation changes.

Of course, we already see this capability within governments when they are trying to appeal to a large company to entice the building of a new manufacturing plant in their area. Isn't it interesting how they become very friendly and offer appealing policies when they want to?

This is something that is going to be forced upon them.

At present, cryptocurrency is attacking the financial and banking systems. This are two areas where government has a great deal of influence. This is where the positive feedback loop (for them) is erected. Decentralized Finance (DeFi) is going to completely upend that. When a financial system operates on a peer-to-peer basis, the power of the government is severely diminished.

The pieces around these crypto-economic systems is starting to fall into place. Couple that with the other factors mentioned in this article and we can see how, in perhaps a decade, the outlook of governments is going to have to be radically different.

After all, they are going to have to compete for people if they want their national economies to keep growing.


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Whenever the next bull run is gonna happen, I believe it's gonna drive a bunch of people in.

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Markets tend to do that and bull runs really get people excited.

Yet they do not really impact the long term direction and trends. Right now the builders are hard at work.

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a similar situation worldwide many countries and mainly the population suffers and Cryptocurrencies came into our lives to alleviate all this a little

That is very true. We are seeing the same story being told repeatedly.

There is no way this doesnt go global since all are in the same position.

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Sri lanka was taking debt from the China. And it piled up. And it was bound to happen. They could have stopped china from infiltrating their regime. But now china owns port over there. Slowly they are going to go full sold to china or USA if not properly worked on their nation.

Let us get cryptocurrency talked about everywhere in the world.

Agreed totally with all that you said here as the world is sinking into a dark place at the moment. And the suffering continues all over.
I also think that crypto is the answer, but we can expect many more attacks that will emerge from the established systems that are bleeding countries dry. Clothing the attacks with a word called "regulation". But they will not win.
At Papillon we continue to build and once that the gates are opened we will launch several new upliftment projects (apart from our current ones), that will show the world what crypto can do in poor communities.

I agree the attacks will not stop. We are going to be tested since there is a huge threat we pose. It is going to require kicking things up a notch.

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Thank you and with guys like you around I am sure that we all are in good hands.
I have been warning for a long time that the fight will become worse, as they are not going to sit back and do nothing. FUD is not their only weapon.

But now I saw an article headlined "SA Reserve Bank will join the blockchain by issuing their own coin"
So the old adage, if you can't beat them, then join them is so true.

This is a well-researched article with tremendous insights into the digital world. Many thanks sir!

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I sometimes do see the Hive ecosystem as an evolving digital country.

Governments will have to up their game now because the monopoly system is in crumbles. Now, they'll have to compete with each other in properly taking care of their cutizens and not letting other countries take them. Thanks to technology, power has been taken away from their hands because people have more options now.

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That is what the mindset is. We are going to see digital "nations" forming which might have near the power of what is present in the nation-state.

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And this digital "nations" will have citizens from all over the world. Eventually, this nations will be able to influence real life situations that government themselves haven't been able or willing to do. An early example, Is the Hive borehole project in Ghana.

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Agreed. The fact that we are seeing the impact of the Hive Borehole Project is a great example of our digital network stepping in.

You are right that as things expand, the power only grows as well. It will be interesting to see how things change in the coming year.

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Crypto can be a threat to governments and I am just wondering which direction the big countries will head towards. China has banned crypto and others like El Salvador have decided to make BTC legal tender. It just makes me wonder because there are a lot of people paying attention to the largest countries.

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Thank you for this FANTASTIC and extremely thought-provoking article! Wow! What a huge shift in perspective. @ZakLudick you'll love this one

A well articulated article you have presented with laudable points I have read it with lot of enthusiasm. Thanks to the initiatives of the Ghana water project. One thing is sure , one the monopoly of government will be defeated by the adoption of decentralization of Blockchain technology.

Government monopolies are going to face some headwinds over the next couple decades.

I think it will be a long process but we can do it brick by brick. Each project that circumvents government is another success story.

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"People are forced to endure whatever rules are set forth, based upon where he or she is located geographically."

This is called geographical slavery. That is why I am against state borders and in favor of free markets, free not only goods crossing borders, but also services, aka people. If you are against free borders, you are also against free markets. It is as simple as that.

Slavery occurs on many levels and geography is certainly one of them.

It is going to breakdown as the tyranny keeps building. We are developing alternatives which few are aware of.

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Do you think there will be a point eventually where people living next to each other will be members of different governments? I think with DAO's we could see that happening, but it might get tricky when it comes to laws. How would police or authorities in the area withhold the laws of thousands of different citizens beholden to an equal number of governments.

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They already do. Look at people on one side of a border versus another. It is possible for a house to be in one nation (jurisdiction) with the one next door in another.

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True, but each house on a block all being different just boggles my mind.

The potentials of cryptocurrency/blockchain are so vast we can achieve almost anything with it, the thought of a decentralized state is appealing to me though it will take time to get to such level, I wish it is here already.

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The infrastructure needs to be put in place and a lot of building. We are seeing it in certain areas.

It is a big step to have a decentralized database which is what Hive provides. From there, we can start building associated layers like ProjectBlank.

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capitalist reality has changed its crust and capitalist apocalypse has come, my dear friend, we must open a portal to bring people into this world and make preparations for them to adapt to this world.

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They are holding on with a thread. I am beginning to see, well actually saw it back in the Hurricane Irma days... The government is not on your side, AND, they only have the power that you give them. They want people to think they have more reach than they do.

It's starting to show that they are losing it. It's really sad when trying to log into an exchange to freely trade with some leverage, because I know the risks and I want to actually make something out of a little, I have to lie and say that I don't live in one of the sanctioned countries... IT'S CRAZY to see the US now listed next to Cuba, Iran, Belerus, and all of the other countries that the US typically disallows us to do commerce with, lol.

Well guess what, all it takes is a VPN. With things like Starlink coming online and you know Bezos has that same idea in the works, that's why he built his dick rocket, lol, the internet is going to eventually get to a point that the governments will NOT have any more control, but it then we have the private companies to deal with so how much better is that? But yeah, what do we do? I for one am taking my own personal stand and basically defunding the government in my own way. I don't think I have even made enough this year so far to claim on my taxes so screw them, it's been all in crypto, and if I am not getting a 1099, then 🖕🏻... NOT FINANCIAL ADVICE!!! LOL.

People are waking up more and more. The silent majority is real and I think in November we are going to see a major shift. I don't know, but all I know is shit is getting crazy, lol.

With my nomadic lifestyle, I see the world for how it is, not from a computer screen. I am out in it, have been the whole time. Most average people can get along without issues, but it's the loud minority that are the ones starting stuff. I know the cops are absolutely useless at this point. I know of countless cold cases, homeless issues, the increase in crime rate... And let's not mention the southern border... LOL... So yeah, why do I want to fund this scam. They don't have the power they want you to think. It's all fear mongering and bull shit.

People need to take control over their private property and defend it and their freedoms at all costs, at least that is where this dude stands! When I get back to my family farm, you better believe we are going to be self sustaining, lol. Designs are already in play. Plus I have the house in the Keys as a get away, lol.

Wow, between this and the article I just wrote I have a bit of a fire lit under my ass today, lol. Hmm... wonder what I can do with this energy, lol.

It is all a process but technology is really advancing the cause. We have already developed blockchain which provides a solution to the world's [(https://leofinance.io/@leoglossary/leoglossary-consensus)consensus problem regarding currency. Now we just keep building upon the idea.

DAOs are a powerful structure that we havent even started playing with yet.

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Yes, DAO's can be amazing tools. At this point that is how most 'token' need to operate. Because then at least everything is transparent. I agree we are just tapping the surface.

I would hope you are high on DAOs based upon what you just started.

Well maybe high isnt appropriate, at least for the DAO. 😁😁

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Well I mean I am one of the Weedcash admins… lol… I do everything high, but that’s a different subject, lol.

Yeah I am all about some DAOs.

A very appropriate description of contemporary government and politics all over the world, and yet many are still either too blind or in denial, dismissing that those who accept interpretations like this are the real enemies:

Throughout the world, tyranny is being ratcheted up. Oppression is achieving a new level. This is throughout the entire world. Nobody is spared.

People are forced to endure whatever rules are set forth.

Governments are about power. . . . No matter the system nor the party in place, it is about expanding their control over people so the few at the top can enjoy the majority of the benefits.

And if I may rephrase what you already said:

A parasitical class that is inherently corrupt and enriches themselves and yet thick-faced to promise poverty reduction and economic inclusion.

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Great Post!

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