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RE: Transparency: The downfall of centralized economies

in #thoughts6 years ago

Governments around the world have become really good at convincing people to stay put.

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?

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 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.

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