Thanks Luke! It's always a pleasure to read your posts on what you've been up to.
It's almost ironic that politics may shape the implementation of tools designed to remove politics from progress. I can only hope that the builders in the space eventually get the opportunities to share their technology with the world and are able to set themselves apart from those merely commentating on it.
That's a great line, and so true. It definitely won't be the US or China doing this, but the likes of El Salvador and other disenfranchised countries, who, like people who turned to BTC and other cryptos to get out of the fiat game, these smaller countries will do the same to get out of their own 1st world fiat controlled game.
They are starting the snowball, it's comical that it's coming from a place that gets no snow.
Hahaha, exactly!
I see it all as building blocks. You can't replace the biggest thing first usually. You have to build a new small thing, work out the issues, show that it works... build a slightly bigger thing, prove that it works too, until eventually the biggest thing either has to change to retain it's competitive edge, or it's been replaced.
While regulations can be really great at protecting people, they're also obviously used to limit competition, etc... but I'm not too worried about regulations of these global technologies, because, yeah, as you said, it only takes an El Salvador or similar to provide the proof that the system works well. We've got a lot of work to do, but I think we're on a really positive trajectory.
Those small building blocks have been in the works now for 12 years or so. Gradually getting bigger and bigger each year. I see it as inevitable, to your point, governments implementing tools to make themselves obsolete.
I fucking love it!