Tech Dollar 2: The War of the Worlds and Fate of the Dollar
In the age of the virtual corporation, individuals will choose to domicile their income-earning activities in a jurisdiction that provides the best service at the lowest cost. In other words, sovereignty will be commercialized. Unlike medieval frontier societies, which were in most cases impoverished and violent, cyberspace will be neither. The com
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
May 2024: Stablecoins are helping create a buyer of second-to-last resort for US Treasurys
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If our reasoning is correct, the nation-state will be replaced by new forms of sovereignty, some of them unique in history, some reminiscent of the city-states and medieval merchant republics of the premodern world. What was old will be new after the year 2000. And what was unimaginable will be commonplace. As the scale of technology plunges, gover
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
system. The US tech industry has squandered the opportunity to remain the center of the new age of ubiquitous computing and networks. And so the clock is ticking. Silicon Valley is not alone in the world. China is gearing up to match American power and push its own model forward. What we’re currently going through is a very complicated game being p
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