Bitcoin Improves the Sovereignty of Nations

November 24, 2021 / Finance, Policymaking, Technology, The Context

Bitcoin and mining are going to deliver an increased degree of sovereignty, not only to individuals, but to entire nations. Today, we are living in an energy financial system that is unsustainable, it must and will be substituted by a new one that is going to pay unexpected dividends.

You hear from many different places that Bitcoin mining is wasteful and that it is damaging the environment. This is completely misguided: the current system we live under is based on oil extraction, and the transportation of oil all across the world, which costs $2 trillion of subsidies per year, including military subsidies, on the side of the United States alone. And it is undermining the sovereignty of nations that are exposed to the uneven distribution of energy resources that are the basis of all of their activities and abilities to support themselves and to make their residents thrive. Bitcoin mining represents the start of a new planet wide energy financial network that is radically different.

In the new Bitcoin energy financial network, evenly distributed across the world, smart nations are going to improve their own sovereignty, they are going to improve the degrees of freedom of their residents, and they are going to lead the planet towards a sustainable future where people and organizations can sustainably thrive.