Without a fair tax on tech, it could be the end of the state as we know it | John Harris | Opinion | The Guardian
Big tech companies are transforming society without contributing to it, says the Guardian columnist John Harris
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@zoidsoft writes about this often. He mentions how the governments of the world will collapse and tech companies are going to be the ones to fill the void.
I think that a merger is more likely among the government entities that survive. This of course is the definition of fascism, but it will have the added power of a digital technocracy where this happens. When IoT hooks everyone in with centralized IT, freedom will be lost (this has already happened in China) and is beginning to happen with the censorship of FB and Twitter.
The question is whether the equity drain on national fiat will reach far enough to compromise the USD and whether bitcoin and other crypto's can be ready to replace national fiat. It's not encouraging when I see bitcoin core emphasize the SOV above medium of exchange and they seem oblivious to the actual race that is taking place for the banks to come in and replace crypto with their own permissioned blockchains. They seem quite happy to slow down bitcoin mass adoption. Time will tell if this perception is correct and whether LN becomes practical or not. However, I see similar problems of centralization in many alts such as BCH. I wrote recently about these issues...