Bitcoin Will End the Nation State

[leopard2]

1) The roman empire is an example of a similar structure that existed before fiat

The only difference is they are wearing Suits now instead of Togas......

A good toga cost around 1 ounce of gold, and so does a good suit today. 2000 years, same price.

So there is a difference; roman money, based on gold (originally, later it was diluted) did not lose purchase power

The USD lost 99% of its purchase power in just 100 years.

[tokeweed]

Satoshi Nakamoto set in motion the unraveling of the nation state and the end of central banking … two closely related institutions that have directed history since history has been recorded. When we come to understand the economic and technological implications of bitcoin, we arrive at a somewhat startling yet undeniable conclusion: that bitcoin will end the nation state.

We know what happened to organized religion in the wake of the gunpowder revolution. Technological developments created strong incentives to downsize religious institutions and lower their costs. A similar technological revolution is destined to downsize radically the nation-state early in the new millennium.

– James Dale Davidson,  William Rees-Mogg, The Sovereign Individual

Three reasons why bitcoin will end the nation state:

• Bitcoin as an Economy Independent of the Nation State
• Bitcoin is a [Nationally] Untaxable Money Supply
• Bitcoin Transitions the Nature of Violence

These factors combined will ensure that the nation state as it exists today will be irrevocably disrupted in a societal shift unseen since the dethroning of religious institutions during the 15th and 16th centuries. This time, the major difference is that it will happen much more quickly, and have much more pervasive effects than almost anyone is anticipating.

Read the full post here: http://diginomics.com/bitcoin-will-end-the-nation-state/
Watch the accompanying video here: https://www.youtube.com/watch?v=rL66iCVZ6mE

BTC

cool. but not in our lifetime.

[pattu1]

I guess not but it removes national boundaries and limits for capital flows, to some extent. The EUR did not end the Nation states in Europe either.

The EUR has actually increased the squabbling, with countries blaming each other for the monetary mess. 

[skinbrake]

Even if the whole world used a single currency, nation states will exist.
There are reasons for a group of people to be selfish with the resources in the area they live in.

Are we now talking about the US who unilaterally attacks other countries under the false pretext that they must protect
American interests?

[Q7]

I agree. That is why I see fear all around and especially the need to ensure bitcoin fails at all cost. Bitcoin is the answer and solution to all these.

[PaulPierce]

Ecuador's official currency is the U.S. Dollar, but I understand they want to outlaw Bitcoin and launch their own government cryptocurrency.

There you go then. The nation state controls the environment for a concurrency to flourish or vanish! 

they might try to force it on us..But it is up to us to accept it or not.! The masses can alter the decision taken by the nation state.!

[skinbrake]

The masses will only do what they think is right based on what they see in the mass media. Back to square one.

[bornil267645]

I don't think it will ended so easily like this, Use your social media, increase publicity about it.

[Nerazzura]

I don't think it will ended so easily like this, Use your social media, increase publicity about it.

correct, bitcoin is in fact not something ordinary, but bitcoin is a remarkable thing that ever changing world.
and he will continue to survive

[Beliathon]

Bitcoin won't end the nation state, nation state violence meeting expanding empathy will end the nation state.

[botany]

The masses will only do what they think is right based on what they see in the mass media. Back to square one.

Social media can influence opinions as well.
It would be very, very difficult for governments to gag social media.

[AtheistAKASaneBrain]

The masses will only do what they think is right based on what they see in the mass media. Back to square one.

Social media can influence opinions as well.
It would be very, very difficult for governments to gag social media.

It's all about getting bitcoin trendy in twitter, its all we need to get it mainstream as hell.

[NewJerseyJess]

The masses will only do what they think is right based on what they see in the mass media. Back to square one.

Social media can influence opinions as well.
It would be very, very difficult for governments to gag social media.

It's all about getting bitcoin trendy in twitter, its all we need to get it mainstream as hell.

I think adoption is a way bigger factor. (I just bought nba2k on my xbox with bitcoin)

[Paleus]

1) The roman empire is an example of a similar structure that existed before fiat

The only difference is they are wearing Suits now instead of Togas......

Spot on gentleman. If you haven't already, I invite you to check out Stefan Molyneux's Bitcoin vs. Political Power. Quite possibly the best presentation describing the political-economic implications of bitcoin as a money system.

Let's break out of the loop.

[moriartybitcoin]

I think the nation-state will simply end Bitcoin if cryptocurrency becomes too much of a threat to the central banks.  They can easily regulate it out of existence, or simply ban it outright and impose absurd penalties for holding BTC. 

[pitham1]

I think the nation-state will simply end Bitcoin if cryptocurrency becomes too much of a threat to the central banks.  They can easily regulate it out of existence, or simply ban it outright and impose absurd penalties for holding BTC. 

Tough for democracies to do this without justification.

[Paleus]

I think the nation-state will simply end Bitcoin if cryptocurrency becomes too much of a threat to the central banks.  They can easily regulate it out of existence, or simply ban it outright and impose absurd penalties for holding BTC. 

Tough for democracies to do this without justification.

I think Moriarty is overestimating the power of the nation state. Not everything is within the governments jurisdiction (or possibility) of regulating.

Attempting to regulate bitcoin through judicial legislation will be as futile as regulating the direction of the wind.

[charmingfreddie]

The handwriting is on the wall. Sooner or later the governments are going to panic and get nasty about bitcoin. No income tax revenues? It will force the govenrments to downsize but they will put up a nasty fight.

[funkenstein]

The handwriting is on the wall. Sooner or later the governments are going to panic and get nasty about bitcoin. No income tax revenues? It will force the govenrments to downsize but they will put up a nasty fight.

This thing about tax makes no sense.  If you can tax dollars you can tax bitcoins.  It's just money, same thing.  Unless by "tax" you mean "counterfeit"..  in which case it's a little different.