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RE: Transparency: The downfall of centralized economies
The last decade or so has seen the rise of the digital nomad. Photogenic people who travel and instagram it, eg @toocurious (travel blog - here -
They live on the cheap and get by on advertising revenue.
One massive upside is the freedom to go wherever conditions are best.
Governments around the world have become really good at convincing people to stay put.
Occupational licensing and wealth confiscation at the border work together to make a move abroad untenable; meaning a low standard of competition for citizens, between countries.
As crypto-nomads start earning and spending in global currencies like STEEM, countries will need to compete with each other to attract and retain their citizens.
I used this example in a class this morning. If all your wealth was transportable in 3 seconds anywhere in the world, would you stay in a war zone?
I used this too. Once that wealth is mobile it means that the countries have to look after it. Imagine if in 1938 The Jewish in Germany had all of their wealth in Bitcoin, would the Nazis have killed them knowing all that wealth would be out of their reach? It is hard to carry paintings and pianos, easy to transfer digital wealth. Even gold only travels so well on foot and, there are risks lugging it. Mobility is opportunity and for those who need people to stay still, risk.