Bitcoin and The Fall of Nation-States with James Davidson (WiM163)
The "What is Money?" Show
00:00
The Second Order Consequence of the Emergence of Bit Coin
David Frum: I wrote that taxing authorities have grown accustomed to treating their taxpayers as a farmer treats his cows, keeping them in a field to be milked. He said the emergence of something like anonymous digital cash would mean nation states starved of this tax revenue and would begin to shrink. "I think nationalism is very deeply imbedded in most people's identity," he says.
Play episode from 26:20
Transcript
