httpsbucketeer e05bbc84 baa3 437e 9518 adb32be77984.s3.amazonaws.compublicimages904510d7 8e7c 4a02 a2eb The Next Generation of Crypto-Native Investors

The Next Generation of Crypto-Native Investors

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– The Sovereign Individual (TSI) is a book that was published in 1997 that predicted many aspects of the modern crypto movement.

– The book argues that technological change advances or decreases the power of the state vis–vis the individual.

– The rise of centralized nation-states in 1500s Europe came about because kings could wield violence at a large scale, consolidating their power over feudal lords.

– The Industrial Revolution that followed brought about increasing returns to scale in economic production, leading to large enterprises and the Great Enrichment.

– By the 20th century, efficient production at a large scale and fixed investments in physical capital made it easy for governments to attract a large surplus and run tight knit nation-states.

– The information age of the 21st century onwards spelled a reduced dependence on investments in physical infrastructure and equipment.

– The Sovereign Individual predicts that absent the need for large enterprises with physical locations, people will grow increasingly free to escape bad governments with high taxes by moving, and choose amongst competing governments or smaller jurisdictions who can offer the best deal.

– Thus, the sovereign individual is a kind of libertarian hero, able to live and travel freely with monetary sovereignty, running his or her enterprises and other endeavors through the internet.

– Balaji Srinivasans network state refers to any online community centered around a common interest or belief gaining increasing sovereignty over their own lifestyles, including physically occupying land where their beliefs are custom and sometimes law.

– Informed by the advance of blockchain technology, Srinivasan released his own version of The Sovereign Individual vision.

– The core idea of the book is that technological change advances or decreases the power of the state vis–vis the individual.

– The rise of centralized nation-states in 1500s Europe came about because kings could wield violence at a large scale, consolidating their power over feudal lords.

– The Industrial Revolution that followed brought about increasing returns to scale in economic production, leading to large enterprises and the Great Enrichment.

– By the 20th century, efficient production at a large scale and fixed investments in physical capital made it easy for governments to attract a large surplus and run tight knit nation-states.

– The information age of the 21st century onwards spelled a reduced dependence on investments in physical infrastructure and equipment.

– The Sovereign Individual predicts that absent the need for large enterprises with physical locations, people will grow increasingly free to escape bad governments with high taxes by moving, and choose amongst competing governments or smaller jurisdictions who can offer the best deal.

– Thus, the sovereign individual is a kind of libertarian hero, able to live and travel freely with monetary sovereignty, running his or her enterprises and other endeavors through the internet.

– Balaji Srin

httpsbucketeer e05bbc84 baa3 437e 9518 adb32be77984.s3.amazonaws.compublicimages904510d7 8e7c 4a02 a2eb The Next Generation of Crypto-Native Investors

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