Mischa on Nostr: Bitcoin presents a revolutionary opportunity, as it allows people to take their ...

Bitcoin presents a revolutionary opportunity, as it allows people to take their wealth with them, regardless of location, for the first time in history. Traditionally, assets like real estate, stocks, or bank deposits were tied to a specific location and therefore subject to state control. This meant that the state had the power to oppress citizens by denying them access to their wealth if they wanted to leave the country.

With Bitcoin, this dynamic changes fundamentally. Bitcoin is not tied to a physical location and can be controlled from anywhere. This means that people can theoretically leave a country without the state being able to confiscate their wealth or prevent its transfer.

As a result, it becomes more difficult for states to oppress their citizens since they no longer have the monopoly on controlling access to assets. To retain their population, states are forced to improve their services and implement fairer taxes. Otherwise, they risk citizens moving their wealth to other countries. In such a scenario, states would start to compete with each other to attract and retain good citizens, which could ultimately lead to a fairer and freer society. Bitcoin could therefore play a central role in redefining the balance of power between states and citizens.

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