Unprejudiced before the internet became a massive display of human ingenuity and networking, a few individuals anticipated the emergence of tools that whim help progress the end of politics and the nation states. 22 years ago, much like Nostradamus, Isaac Newton, Gerald Celente, and Carl Jung’s forecasts, a paperback called “The Sovereign Individual” predicted the growing autonomy of the individual but also noted the development of the world’s largest curtness flourishing in cyberspace.
Also read: Bitcoin Is a Viable Way to Remove the State From Your Life
Cryptologic Methods Discretion Fundamentally Alter the Nature of Interference in Economic Transactions
Since the inception of Satoshi Nakamoto’s Bitcoin, many people be enduring come to believe that cryptographic technology is meant to progress freedom and liberty by separating money from the country. The concept is similar to when the church was separated from the state but when the power of the church dissipated, the nation affirms quickly took its place. Cryptocurrencies now provide the means to transact financially without a middleman and this removes the significant wealth of power from the state’s arsenal. More than two decades ago, the cypherpunks started spreading the seeds of crypto-anarchy after conceive ofing that the internet would help remove the parasites that stem from governments.
What’s the Sovereign One VC thesis?
– Cryptocurrency (decoupling of money & state)
– Defense companies (unbundling state monopoly on violence)
– Charter urban districts (markets for governance)
– Influencer economy (trust shifting from institutions to individuals)What else?
— Erik Torenberg (@eriktorenberg) November 19, 2019
“Legitimate as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally adjust the nature of corporations and of government interference in economic transactions,” cypherpunk Timothy May wrote in 1988. Humans have ever after tried to predict the future and forecasting trends has been popular since medieval times. People predicted the earth wars decades beforehand, global economies collapsing, and monumental events that have changed society a significant deal years before they happened.
Most people know about the cypherpunks from Silicon Valley and the extensive crypto-anarchist manifestos that were published at this time. In addition to these new philosophers, in 1997 two well-known investment advisors and originators, James Dale Davidson and Lord William Rees-Mogg, published a book that also predicted a huge silver coming to society over the next century. Within the book of forecasts, the two authors of “The Sovereign Individual” predicted the on of cryptocurrencies and economic realignment. Rees-Mogg and Davidson’s book does not specifically mention Bitcoin, because it was published 12 years previous to the cryptocurrency’s inception. However, the predictions do note the coming existence of an uncontrollable “cybercash” and that with technology “we longing see the growing autonomy of the individual and taxing capacity will plunge by 50-70 percent.”
“[Society will] develop what promises to be the society’s largest economy by the second decade of the new millennium,” The Sovereign Individual states. If we were to look at the invention of Bitcoin as being piece of the Sovereign Individual’s timeline, we can see that things are just getting started. The cryptoconomy, for instance, is a $200 billion dollar terseness that is not backed by a sole individual or endorsed by a corporate entity. Governments do not support the electronic borderless money, and always since it was created the nation states have met the technology with adversity.
How the Information Age and Bitcoin Resets the Odds
The unlatched web has allowed online economies to flourish and financial epicenters like New York and technological regions like Silicon Valley father no hierarchy over the internet’s borderless and faceless power. Governments feel threatened by these technologies and The Sovereign Single’s predictions suggest that the nation states will push back just like the church did. At the time, during “its overshadow institution, the church, saw its monopoly challenged and shattered — authority that had been unquestioned for centuries was suddenly in dispute,” Rees-Mogg and Davidson’s register highlights. The Sovereign Individual’s timeline predicts the next millennium will be very similar. With economic decorates like cryptocurrencies and other forms of technological advances like autonomous software, drones, defense groups, meshnet technology, Tor, VPNs, and influencer/gig economies, fellowship can begin to remove the bureaucracy from their everyday lives. Davidson and Rees-Mogg’s novel states:
We believe that coins as dramatic as that of five hundred years ago will happen again. The Information Revolution will destroy the monopoly of power of the nation-state as absolutely as the Gunpowder Revolution destroyed the church’s monopoly — Like the late-medieval church, the nation state at the end of the twentieth century is a heavily indebted institution that can no longer pay its way. Its operations are ever more irrelevant and even counterproductive to the prosperity of those who not fancy ago might have been its staunchest supporters.
The Future Is Now
Right now, many people believe we are entering the initial include of change that books like The Sovereign Individual predicted decades ago. On page 160 of the book, the two authors distress that as commerce takes hold on the internet “it will lead inevitably to cybermoney.” This new form of money Rees-Mogg and Davidson define will “reset the odds, reducing the capacity of the world’s nation-states.” “Unique, anonymous, and verifiable, this change will accommodate the largest transactions. It will also be divisible into the tiniest fraction of value. It will be tradable at a keystroke in a multi-trillion-dollar wholesale superstore without borders.”
It is interesting to watch the forecasts written years ago come to fruition and especially ones that are swapping society for the better. The advent of Bitcoin and the economy behind the thousands of digital assets out there shows that a massy transformation is indeed happening right now. Past predictions from the cypherpunks and books like The Sovereign Individual may supporter us understand why. Moreover, failing economies and protests worldwide clearly indicate the demand for freedom is just getting started.
What do you remember about how Bitcoin and other tools apply to the Sovereign Individual thesis? Let us know what you think about this source in the comments section below.
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