The idea of borderless transactions with #Bitcoin is fascinating.

As borders disappear, the concept of taxation, which supports governments, becomes increasingly fragile.

As borders disappear, the concept of entitlement - the belief that because you were born in a particular place, you are entitled to the economic advantages associated with that place-falls apart, and as it falls apart, the perks of nationhood fall apart with it.

And as that all happens, the ideals that underlie nationhood- patriotism, democracy, the state, the melting pot, unification, responsible participation, whatever they happen to be in, whatever nation they are living in- get relegated to the junk heap of history.

"On the horizon waits a much purer former of individualism than democracy as we now understand it allows" -

The 500 Year Delta: What Happens After What Comes Next