Yes. However, that pushes the most productive citizens to more favorable jurisdictions, such as El Salvador
Discussion
I do hope it becomes a better place to live. Historically it’s been a dangerous place to be for relatively wealthy white people. Specifically kidnappings and ransoms, legal system corruption.
Everything I’ve read recently says it has. Something like 96% reduction in crime.
Yep, the number of murders dropped by 50% just in 2022
That’s amazing. The long game is having multiple cases of success like this forcing and exodus from countries that are not bitcoin friendly until they are forced to change policy to bring back the productive members who have left. Similar to the plot of Atlas Shrugged.
It’s amazing what a reduction in scarcity will do to increase positive human behavior.