4min chapter

The Blockchain Socialist cover image

OTNS: Critiques and Alternatives from a Former Professional Libertarian

The Blockchain Socialist

CHAPTER

The Importance of Secession in Cryptocurrencies

The use of USDT in the developing world suggests that people are seceding to the US dollar because they don't have it. By using a fully decentralized network, then the system that you're using is not itself bound to any form of regulatory pressure. Like the US cannot disrupt the smart contract of Tomadeau Cash, but they can criminalize any people interact with it. This is not a technology that, and this is why I prefer to think about these things at the margin because we're not succeeding.

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