Proof of Work: The tide is turning for state power

Quick Take

  • Cryptocurrencies are eroding the State’s ability to print money. Corporate and decentralized currencies like Bitcoin will compete with national fiat currencies

  • The ability of the state to wage war even on supposedly much weaker adversaries has become way more costly

  • The internet has allowed for information to be spread widely in a way that was previously only available to state actors

The following newsletter is republished with permission from Eric Meltzer of Primitive Ventures, a global venture investment firm with a focus on blockchain and related technologies. You can follow Eric on Twitter at @wheatpond and subscribe here to Proof of Work.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.