The 17 Millionth Bitcoin Mined, Chinese Social Credit & Passport Privilege

The 17 Millionth Bitcoin Is About to Be Mined: What It Means and Why It Matters

Bitcoin’s limited supply is about to get a bit more limited.

That’s because as per bitcoin’s current rules, only 21 million bitcoin can ever be created.

To work effectively, social credit requires Chinese citizens to place complete trust in both their unaccountable government and vast cartel-like corporations.

And therein lies the problem: A secretive scheme that proposes to (literally) codify credibility within a society that inherently lacks any is more likely to undermine public trust that instill it.

THE US AND EUROPE’S TOURIST VISA RULES PAINT A STARK PICTURE OF PASSPORT PRIVILEGE

The third edition of the Quality of Nationality Index (QNI)—produced by international residence and citizenship planning firm Henley and Partners and legal academic Dimitry Kochenov—gives a global look on the benefits of citizenship in different countries.

The economies of the 40 biggest US cities, ranked from worst to best

The source of America’s prosperity is its big cities.

The easiest places in the world to get citizenship or residency, from Thailand to St. Lucia

To improve your ability to move and settle around the world with ease, simply buying residency or citizenship in another country by investing in a property or government fund, or paying some other kind of fee.

Thailand is the cheapest place to buy residency. For just $15,902, customers can secure residency that gives them visa-free travel to 75 destinations.

The UK is the most expensive residency option; people interested in getting a residency in the UK and access to visa-free travel to 177 destinations need to spend over $2.7 million.

Buying citizenship isn’t necessarily more expensive than buying residency.