We live through the change of an era where the old one still dies and the new one is still born. We live through the end of the industrial era, as prosperity mainly came from factories and the cities that fed them with workers. States played a significant role there, giving access to raw materials for the factories, guaranteed trade routes and infrastructure for their goods and keeping workers’ movement in check. On the other hand, thanks to their production scale, the factories delivered the markets and could afford to pay the states their quota in the form of taxes.
We are now in the midst of the transition to the information age, where the scale is no longer reigning, but personalization. Thanks to the Internet, we can gather demand and connect to a tailor -made offer that allows us to produce or provide very specific services and add value in an innovative way. It is no longer necessary to manufacture to scale to fill the large car exhibitions; Now you order the car as you want it on a site. Adaptation reshapes financial connections and with that world.
Successfully with the industrial era, large financial centers were developed, and the regions of the world left out of these processes were literally abandoned, cut off from the world’s value chains, unbeated and without access to products and services. But thanks to the Internet, more and more regions are emerging from this insulation, and thanks to Bitcoin, they are also starting to get on the surface of this economic financial interruption.
Many of these regions used to live on transfers sent by their relatives from abroad, which intermediaries did a great business of the lack of alternatives. Without investment, without capital, without effective quality, without connection to global value chains without the possibility of industrialization, these regions were sentenced to poverty and marginalization.
Since Bitcoin along with the Internet, more than 1.8 billion people have been able to join the global value chains for the first time, in an era where personalization and authenticity are precisely what brings the most value. The state as an institution begins to fade away and take a back seat; Meanwhile, it connects the local to the global and highlights its authenticity and personality.
Bitcoin and the Internet allow anyone with access to a mobile phone to participate in the global conversation of bits, show themselves in the world’s store and join value chains across the globe.
In this new era rebirth society, which had been isolated in the industrial era, again: They can now provide services, they can show the world what they are, what they do and participate in the value of trade. The local personality attracts the curious and adventurous. Personalized societies that develop as Bitcoin circular economies is the best example of this and serves as the seeds of the future.
The role of Bitcoin
Bitcoin is much better understood when we think of it as a globally unchanging system of absolute property rights – with an underlying real asset that looks like a kind of digital gold. When we look at it this way, we realize that private property rights have been introduced worldwide and anyone can own and transmit value without anyone else being able to stop or prevent it – even with the right measures, not even knowing it. This affects not only payments, but also transfers, donations, savings, inheritance and warranty contracts. In a stroke, Bitcoin creates by introducing a new domain that crosses and covers all the boundaries of the world (cyberspace), effective ownership without borders or limitations. This necessarily leads to the advent of new ways of relating to financial and exchanging value. The connection between the local with the global is precisely there: Nexus in the local communities with the Internet and Bitcoin has no boundaries. Donations, transfers, ways of providing services around the world, even telecommunications work, ways to host citizens at-enda to give residence permits in exchange for deposits in multi-signature accounts.
There is a whole world to explore that will be built on Bitcoin and the local!
Bitcoin circular economies demonstrate just this: where Bitcoin despite being global does not go with globalism, but to connect the local and the global. Its personality, contrary to the impersonal and homogenization of states, conquers the new domain of cyberspace. In these stories of Bitcoin -circular economies, we see precisely the foundations of the future. The birth of millions of people who can incorporate and provide services to the whole world, tourists and other types of visitors welcome to enjoy their community and learn to live like them. To start living these lifestyle outside the uninhibited world of the industrial and economic era.
Bitcoin Circular Economies: The Future
These initiatives are gaining weight and popularity, and new ways of living will emerge in different states. As these communities grow, they also have to develop into political communities. And it is critical that this vision is adopted by them. The move towards being personalized jurisdictions will give them a huge qualitative leap to bring value to the world in a unique way. It will be the guarantee of preserving their authenticity and lifestyle.
States are the first to be interested in promoting this type of initiative, because just as it was important in the 20th century to be a productive power, today it is important to be able to attract talent by offering a friendly jurisdiction and a better lifestyle than the one offered by today’s world. Education will play a fundamental role in this whole process as it will sow the soil and fertilize it so that it can bloom. The influence of these communities in the different countries will be of great benefit to everyone – as reflected in the relationship between El Zonte and El Salvador, which has borne so much fruit for the country.
The big mistake to avoid is to see Bitcoin as the basis of these communities. Bitcoin is the tool, not the foundation. Like Kruttt made us stop living in brick cities, but not built Kruttteby, we should not make that mistake with Bitcoin either. The basis of these new communities must be authenticity and the relentless persecution of being better.
Without a doubt, the emergence of Bitcoin circular economies is a very important step in the right direction. They are moving towards personal jurisdictions capable of connecting the local to the global, not only in an economic way, but in a political way. That is the big challenge of the future. I am convinced that these stories will inspire the world. Bitcoin is hoped and the cornerstone to build a new world – a world that is already starting to dawn.
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