I firmly believe that Bitcoin will truly become a super-sovereign currency in the next ten to twenty years, anchoring the economic and financial order of human society. What do you think?
I'm counting on it.
Countries can't get along on their own.
Each country wants to be the top dog, and so they get into all sorts of hubris filled battles
that their populaces fear might end in wars and swiping their own nations of resources.
War is a battle over resources. Right now, the US is engaged in war in the middle east to
maintain the dominance of the petrodollar, which provides resource benefits through the control
of energy and the resources that controlling the world's reserve monetary supply brings.
Bitcoin ties us all together across cultures more than anything else. When your economic success in another part
of the world is tied up with my economic success, then we will be less likely to engage in the same negative behaviors.
Bitcoin has a ways to get there before becoming a super-sovereign currency though.
It won't become one as long as there are specific groups that hold more access to the currency
than national powers. If this doesn't change, then national powers will move to other types of
cryptographic currencies -- for those that make this adjustment.
In order for bitcoin to become supernational, the question is:
what mechanisms can or will cause distribution to balance out -- if at all?