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Lately I’ve been feeling less afraid of the coming digital IDs and social credit systems. Not because I don’t think they’ll happen, but rather because I don’t think they’ll be able to stop the sovereign individual.

Fearing the collective dystopia only makes sense if the collectivists have power to exert. #Bitcoin denies them this power. An oppressed people (or person) can get up and leave, taking all their wealth with them.

In such an environment, social credit restrictions have no teeth. So will we have social credit scores? Probably. But every Bitcoiner has a GFY card ready to play at a moment’s notice.

freeborn | ἐλεύθερος | 8r0gwg 2y ago

Agree. My only Q is...leave to where?

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Discussion

jimbocoin 🃏 2y ago

As things progress, jurisdictions will have to compete to retain intellectual capital. Currently there are but few competitors. Some States are actively advertising (El Salvador), others are moving towards more favorable tax treatment (Portugal).

But this is already significantly more competition than only a few years ago. The trend is towards more freedom in more places.

We’re witnessing the Sovereign Individual thesis unfold in real time.

Jordan Eskovitz 2y ago

I agree with the overall perspective as well as your point about jurisdictional competition/arbitrage.

But in addition to social credit scores/digital IDs/CBDCs are also threats to freedom of movement. War of fossil fuels + easily hackable EVs + 15 min cities w/ geofencing are akso very real attack vectors.

I don't mention this to be a doomer, but because it is important to consider that *leaving* may not always be possible in the physical sense but might in the *opt-out* sense. More reason to be actively involved in local communities and fostering localized parallel economies.