6529 Museum at Open Sea tries to establish that there is no more natural home for crypto than the United States of America. There is no more natural strategic weapon for the United States of America than crypto. The USA has never gone wrong betting on freedom and things are no different this time.
Also tries to knock out other major alternatives like China, Russia, EU and India.
Further stated, “First, let’s knock out the major alternatives: China: Non-convertible currency; Top-down ‘social credit’ system of integrated control; Russia: Would like to be China; EU: Blissfully unaware that technology matters. India: Balaji’s are fighting hard but tough battle.
Switzerland: Zug is cool, but ant-sized; Singapore: Same;Dubai/UAE: Same; UK: Theoretically interesting, but busy running out of crisps or whatever these days; Nigeria: Hates it; Brazil: Unaware of crypto’s existence; The rest: Come on.
It is obvious that the USA is the sole largest economy with strongest military. It homes the largest tech, financial and media industries with deepest capital markets, convertible reserve currency and unending consumer market.
The USA believes in the fundamental beliefs of freedom from the state and healthy distrust of the infalliability of the state. Citations to Boston Tea Party, Constitution, Bill of Rights, and Decentralized System of Governance, which established the beliefs of freedom of USA.
Has the USA deviated from these ideals? Sure, many times. It is the worst state in terms of freedom, EXCEPT for all the others.
The system of governance is also quite decentralized. The USA is a federation, something not fully understood outside the USA, with a massive number of states’ rights. And, within states, there is further decentralization like local schooling.
The United States has all the ingredients to lead the web 3.0 revolution: Financial and technological muscle. World class creative industries – a belief that its people shouldn’t be micro-managed by a centralized set of governmental employees in the capital.
So what is going wrong? I mean the USA is the center of global crypto, but it is a grind. The relationship between crypto and Washington DC is all tension. The positioning is all defensive. “What are all the things that can go wrong and how can we control them.”
The issues are unexamined growth of AML/KYC measures, securities law-ization” of literally everything, the deep national security state believes it has organized the world nicely right now, The USA currently might be at its point of maximum control of the infrastructure of the global financial system – is it sustainable; communication from crypto field is incoherent and, sometimes, nuts and more.
These ideas reflect the view that USA is a home for crypto based on USA’s historical ability to lead great things and the rest of the world.
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