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Bitcoin And The End Of Nation States

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This article was originally published in Uncharted Territories.

It’s 2050. The U.S. government just defaulted on its debt. It’s not meeting its social security payments. Hospitals are going down: they can’t operate without Medicare and Medicaid income. Old people line up outside the hospitals, hospitals don’t service them, they can’t afford it. There’s a run on the banks that held too many dollars, they are collapsing. All of the governments around the world caught with too much U.S. debt are defaulting. Those with their savings in dollars have been wiped out. They are looking at the last few decades of their lives like an empty ravine.



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