Competing with the governments

Cryptocurrencies are allowing people to opt-out of the traditional government, for a potentially better version of it. It’s important especially now, while there is a lot of political uncertainty and the increasing risk with foreign policies.

In its essence, crypto networks are digital governments; automated through programming languages, governed by the people. 

And possibly, it's the most significant competitor governments have ever faced:

  • It's unregulatable

  • Independent monetary policy, uncontrollable by the states

  • 100% digital - every person can join, no permission needed

  • Scalable

  • Transparent - fully auditable by anyone

We have seen it before how powerfully the digital economy can spread to the non-digital economy.

Probably the best example is the modern e-commerce, first introduced with the launch of Amazon and eBay in 1995. Twenty-four years later, it has an annual volume of 4.1 trillion dollars.

Another example is from 2003 to 2006, when the era of social networks began, completely disrupting how people interact with each other. There are 7.6 billion people in the world, of which 3.4 billion are active social media users (Global Digital Report 2019). It was achieved in just 16 years.

By holding (more matured) digital assets, you're placing a bet that the digital economy will disrupt the traditional governments and their monetary policy. 

And the best part? Anyone can participate.

-Edgar

If you enjoy reading my writings, forward this email to your friends interested in digital assets.