The primary role of government is to provide protection in exchange for taxes. However, governments have gotten lazy and no longer provide good value to tax payers.
-
-
Show this thread
-
Historically, it was hard to leave your country, so there wasn’t much competition between governments. The internet and crypto will change this by making it easier to leave (e.g. work remote, bring your money, etc.) and harder to tax.
Show this thread -
As a result, governments will start to compete for citizens. They’ll begin to focus more on how much protection (and other services) they can offer the same way companies compete for customers.
Show this thread -
This will start with small governments that have less bureaucracy and less to lose. You already see this with Malta, Estonia, etc. changing policies to attract startups, crypto, and digital / economic residents. Small governments will disrupt big ones.
Show this thread -
After googling I found that it’s already possible to buy citizenship, sometimes in 60 days, to a number of different countries if you’re able to donate or invest $50k to $1M. St. Kitts is $250k, Malta is $1M, Dominica is $100k, Turkey is $1M, etc. (http://nomadcapitalist.com/2016/06/20/best-citizenship-by-investment-programs/ …)
Show this thread -
Davidson argues that most major technological shifts in society (neolithic revolution, industrial revolution) resulted in a change to government. It’s interesting to think about what that could mean for the information revolution, and whether the changes are already happening.
Show this thread
End of conversation
New conversation -
-
-
Is this what the book is about? You should check out a book called Debt : The first 5000 years as well
-
Thx, I just ordered it! I agree with your quasi-government emergence prediction too. You kind of see that with online “protection” offered by hacker collectives, central bank work taken on by crypto projects, attempts like the DAO, etc.
-
Exactly! Got The Sovereign Individual as well
#BookSwap haha
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.