10 sats \ 1 reply \ @kilianbuhn 26 Jul 2022 \ parent \ on: Sovereign Individual - When to move country? bitcoin
Interesting analogy. In finance arbitraging also normally means that differences get arbitraged away. This would mean that after a time there are no differences get smaller. 🤏🏻
This ultimately also means that peoples freedom of choices get smaller. That doesn't sound like a fun future to me at all.
I think it is a good thing when people have a choices in their personal mix of services and duties as a citizen. From nothing and nothing to everything and everything and everything in between.
On your 1st point, absolutely the gaps narrow and a more level playing field develops. Not before it widens first to awaken most of us.
On freedoms becoming smaller, I would disagree. 'Governments' (city states, mini-sovereignties, communities or whichever new name they may become) should be incentivised to act in the interests of their people - like businesses treat customers today. People will gather around shared interests, not an arbitrary psuedo-nationality like we do today.
Therefore the theory is that MUCH more freedom will result not less. Given more economic resources are put outside the clutches of those demanding it and more into those that are offering a good value proposition.
It is a possibility that you're right - big tech authoritarianism could expand reach in the coming years - particularly if corrupt individuals remain at the helm of these fringe countries. However I tend to believe (along with the author that) the track-record for such authoritarianism enduring isn't so good, particularly not on such a grand scale.
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