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Redefining Governance Beyond Borders
The relevance of territorial nation-states is diminishing as global interconnectivity grows, suggesting that societal organization should transcend geographical borders. Nation-states have become dangerous institutions, often reinforcing violence and rigid borders to maintain power. While they can manage physical infrastructure like roads, they should not govern critical global issues such as climate change and social networks. New jurisdictions are needed to address these challenges effectively. Cryptocurrency emerges as a pivotal tool for creating these jurisdictions and shared governance structures. Unlike Web 2, which faced limitations due to physical server locations and legal liabilities, crypto offers a novel infrastructure that empowers democratic governance and facilitates the establishment of new, decentralized frameworks.