It sounds crazy, but this is what we are building, and this is why we are here in Web3.
What drives meaningful change are communities making history by using decentralized technologies for social coordination
🔸 What is a Nation?
Nations are imagined communities built upon consent enforced by currency and contracts.
Remember this idea, we will get back to it.
Nations are nothing natural.
They only exist in the virtual reality of ideas, concepts, and conventions we created.
🔸 The birth of Nations
A nation becomes real when a sufficient number of people identify with it.
Nations are socially-constructed communities imagined by people who perceive themselves as part of a group.
Are you starting to see what I mean?
You will soon.
🔸 Are Nations Real?
In a physical sense, nations are not real like objects, or natural phenomena are real.
Nations are social constructs created and maintained through the shared beliefs, values, and practices of a group of people.
This means that the existence of a nation depends on the collective understanding and recognition of its members.
So, nations are social constructs, and they exist in the virtual reality of ideas, concepts, and conventions we created.
We created nations.
🔸 What is real, then?
The effects of nations and nation-states are very real and can significantly impact the lives of individuals and communities.
The effects are real of this centralized nation-state model.
Are you following me?
Good.
Let's dive deeper. 🤿🫧
🔸 What are these effects?
The centralization of power in any system can have negative consequences,
and this is particularly true in the nation-state model that currently dominates much of the world.
Centralized systems tend to be less transparent and accountable and can lead to a concentration of wealth and resources in the hands of a few powerful actors.
This can contribute to economic and social inequality.
Everyone knows this on a certain level.
Right?
🔸 Enter Web3
Web3 technologies, such as blockchain, offer a potential alternative to these centralized models.
By decentralizing power and decision-making, Web3 has the potential to create more equitable and inclusive systems that are not controlled by a few powerful actors.
🔸 Key Advantage of Web3
One of the key advantages of Web3 is the ability to build self-sustaining systems that enable us to form trusted relationships in an untrusted environment without needing a third party.
This has significant implications for various industries, from finance to supply chain management to governance.
Basically, we now have the technology to replace the middleman with code and dapps.
The pendulum swings towards decentralization.
🔸 One project that is building True Web3 is @SaitoOfficial.
Saito Embraces Web3 ethos and Satoshi's Vision of building a self-sustainable open and decentralized peer-to-peer network.
You can learn more about Saito by reading their manifesto.
In the same way, Web3 technologies can potentially disrupt other centralized models, such as the traditional nation-state system.
By decentralizing governance and decision-making,
Web3 has the potential to create more representative and accountable systems that put the power back in the hands of the people.
In our lifetime, we will see the death of the nation-state as we know it.
We are just now starting to see it playing out.
“The cyber-economy, more than any individual country’s economy, will be the greatest economic phenomenon of the future."
"As our financial freedom increases, governments won’t have any choice but to treat us more like customers and less like victims of an organized crime ring."
"Major transitions always involve a cultural revolution, and usually entail clashes between adherents of the old and new values."
The Sovereign Individual by Davidson and Rees-Mogg - way back in 1999.
A story about how people can’t be trusted to control the money supply.
And the fight to separate Money from The State.
- Brought to you by #Bitcoin.
Let's dive in.
🔸 Genesis
“In the beginning, God created the bank and Money. And the bank was without Money and bailed out. And darkness was upon the face of the taxpayer.” - Genesis 1:1
“Then God created Bitcoin and said, let there be light.” - Genesis 1:2
Just kidding, sort of. 😅
🔸 This is how it all started:
"The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." - Satoshi
This is what we are fighting for and why #Bitcoin was invented.