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RE: The end of the nation state: a crypto vision.

in #crypto8 years ago

I loved that gif the first time I saw you post it this morning.

I agree with everything you said but I'm still having a hard time imagining two things. I hope we can come up with the answers. Actually I know we can but they need to be seriously considered.

1 What do we do when they start coming for our crypto? It seems Japan has already taken steps to tax all crypto transactions. While I know its unrealistic for them to be able to tax ALL transactions, those in charge can certainly make it very difficult for us, using crypto as an excuse to get even deeper into our personal lives.

2 How can we encourage the wealth to spread and not end up concentraed in the hands of the few, even with crypto. Wealth still attracts wealth. While there are ways to go from nothing to something (as some of us have), as certain methods and modes become established, it becomes harder and harder to find a way to benefit. How much of bitcoin is owned by just a few people.

I don't see crypto as an ensured better distribution of wealth but it certianly creates windows of opportunity for the wealth to spreak. SMT could certainly open a bunch of new windows, just as steemit has.

Anyways, nice post.