Watch the video above for preface'
Theoretically speaking what is preventing small impoverished nation states like Haiti, Gambia, Belize, or North Korea from creating their own internal blockchain eccosystem. If money is figures, and block-chains are ledgers, which can create units of measure, why couldn't the DPRK create a centralized mine-able currency, which they could both mine and distribute, licence, tax, and sell. Why can't a small countries create a decentralized block-chain crypto-currency which could promote competition and entice investors.
The old guard bankers and rich cats in the west the 1%'er's control the majority of the wealth in western nations, and even though we hard working people have invested already invested $415,858,867,112 USD into the various block-chains around the world that is but a small drop in the bucket for the total USD in circulation.
But in places like Gambia with a total gross domestic product of 1.04 billion, it wouldn't be beyond the realm of possibilities to simply convert that to a block-chain, create a set cap, mining infrastructure, some trader bots, and before long they will have a thriving economy, thriving enough to entice investment from abroad. The implications of a such a discussion are beyond my comprehension level, but instinctively and logically it makes since. An economy is an ecosystem very similar to crypto-currencies .
Note' I am an anarchist and am no way promoting the use of a state, and the the various, bureaucracies and distribution systems that could result from such an implications of national economics are both exciting and frightening. This is a topic I would like to hear discussed in greater detail from people who better understand the technology. I am simply presenting the thought. I am sure that not far into the future we will see projects of this nature start to take shape. Venezuela’s president, Nicolas Maduro, has proposed cryptocurrency called the Petro, where each unit exchange would be backed a barrel of oil . Bloomberg has posted rumblings of Russia’s central bank plans to talk to countries like Brazil, China, India and the five former Soviet republics about creating a supra-cryptocurrency that could cover countries with 40 percent of the world’s population.
What do you think about this idea ?? Could countries like Venezuela, Indonesia, Haiti, Gambia, or North Korea theoretically create a block chain ecosystem, connected to a resource like in Venezuela's case, or maybe a mine-able coin where the population could compete to earn, and then those coins would also be traded-able / purchasable internationally for goods and services or treated as an investment opportunity globally ?
We are living in some amazing times. Thank you for reading.