We’re entering a world where sanctions to countries might start disappearing.
They never were very successful anyways. Look at Cuba, North Korea, Iran. Did they really change behaviors?
Not much.
Did their elites suffer and feel pressured? Much less than the ppl
They never were very successful anyways. Look at Cuba, North Korea, Iran. Did they really change behaviors?
Not much.
Did their elites suffer and feel pressured? Much less than the ppl
Sanctions were always a pretty bad deal.
Now on top of that, they will be unenforceable.
The US based its ability to sanction based on its grip over the global financial system. That is disappearing.
It won’t be able to size the assets of elites, safeguarded in Bitcoin.
Now on top of that, they will be unenforceable.
The US based its ability to sanction based on its grip over the global financial system. That is disappearing.
It won’t be able to size the assets of elites, safeguarded in Bitcoin.
It won’t be able to freeze the pipelines of global trade, because DeFi will replace the legacy use of systems like SWIFT. The requirement to buy oil in dollars will likely suffer workarounds, if it doesn’t simply disappear as the % of US’s global GDP shrinks.
Traveling for business deals won’t be as necessary as before, because of new remote tools and trust from smart contracts.
And some countries will specialize in being safe havens with high quality of life, to attract all this capital.
And some countries will specialize in being safe havens with high quality of life, to attract all this capital.
Sanctions will keep a high (human) cost, further lower their benefits, and become largely unenforceable.
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