The number one is the FED as I think a lot more use the USD. I still have some with meat home, even if it is at the moment for no use.
Facebook is changing the game. I only wonder if the politics will let it happen. Seen some interesting debates between Mr. Zuckerberg and the left wing of the US parliament. What is for sure, is that this move will change the world faster than expected.
Also, while there are more than a billion people. 3/4 of the country is stuck in the past. It is only on the seaboard where the 350 million people are technologically advanced.
Agree, most of mainland China is poor and not developed. Coastal cities are light years ahead. Still, I would not underestimate China, as I think that they are still the most dangerous country in the world, also to the crypto side of it. Mining is tolerated as it brings them more money in the end. If the use case is individual freedom, it will be opposed strongly.
I forgot to the thank you for the information, as I have overseen it.
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This is only if the nation-state is the primary means of governance which I do not believe it will be. In 30-50 years, we will likely see the nation-state as something much less impactful.
Digital networks, which is what Facebook is, will grow in influence. This is where more people spend more time.
Think about it, how many more people are immediately affected by a change in the terms of service by FB as opposed to a law passed by the government. Most will notice the FB change, few pay attention to the new laws.
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Sometimes this type of ignorance is a bliss.
Yes, fully agree, the notion as nation-state is also new in human kind. We had empires, kingdoms, ducats, etc before. They mostly gone or obsolete. Nation-state will follow. There will be some kind of big unions, to hold up some kind of order and infrastructure standards, but else it will be the entities that control the data and the cashflow who will rule.
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Something else that few remember, the corporation is a relatively new innovation, basically less than 300 years old. At some point, this too will drift away.
Perhaps the DAO or some form of it will replace most corporations.
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Right, they will reorganize into something else. Everything is reinvented into something better, even if we might no see it as it.
I wonder if facebook will not be forced to split by the governments, as it can pose an economical threat to many countries.
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