37 - Crypto is Empowering | Phil Bonello
Bankless
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Navigating the Citizen-State Paradigm
This chapter examines the intricate dynamics between citizens and nation-states, comparing citizenry to a customer relationship, particularly in the context of authority and the monopoly on violence. It highlights how cryptocurrencies like Bitcoin and Ethereum challenge traditional state functions, enabling individuals to exert more control and accountability. The discussion also addresses generational shifts in perceptions of money and ownership, emphasizing the need for education to foster understanding of these rapidly evolving digital ecosystems.
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