The writing was on the wall when the last election for President contained one individual who thinks that tweeting is technology and the other who does not have the sense not to access classified data on an public wifi connection.

Of course, in the United States, there is another branch called the Congress. Unfortunately, Mark Zuckerberg showed how in touch those fossils are when he testified before them. He simply ran circles around them leaving all clueless as to what was going on.

We are in an age of incredible technologies. Artificial intelligence, blockchain, and 5G are going to dramatically change things. With each passing day, the race gets more intense as the technological capabilities grow.

This leads to a lot of fist pumping and chest thumping but the truth is the United States is quickly becoming a banana republic. This has been the case for a while yet it is only accelerating as the technological advantage enjoyed by the U.S. dwindles.

By the end of this decade (at worst), the world leader will be that which is in the lead technologically. This will not be Western Europe. Nor will it be the United States. Instead, China is going to tip the balance of power east.

President Xi already made blockchain and AI a central part of China's 5 year plan. It is insistent on being the leaders in those fields by 2025.

Of course, the United States did have a response in the 5G race when it banned Huawei from being used by U.S. companies. This had little impact on that companies ascent towards 5G dominance.

Blockchain and cryptocurrency serves to disrupt much of society as we know it. Nothing is really off limits to this technology. It is going to free many from the present systems of control.

For a country like China, this means getting out from the USD. By having the renminbi as a blockchain currency, it removes itself from the control of the U.S. It also gives its allies an alternative to cross boundary transactions aside from the USD.

This will have a detrimental effect on the power of the United States. Technology is altering the power structure around the world. Centralized entities are being upended and the United States could be one on the list.

Naturally, China is not embracing decentralized, permissionless blockchains or cryptocurrencies. In fact, they are using the power of blockchain for even greater control and surveillance.

While those in the West might not be keen on that, it is not as if the U.S. government acts as the mecca of individual freedom that it portrays. Artificial Intelligence is used to create more efficient ways to kill and to increase the surveillance on its citizens.

Thus, the loss of the technological battle by this entity might not be the worst thing in the world. It did not prove itself to be a good steward of the power it was granted.

Which brings up the reason why what is taking place in blockchain and cryptocurrency is so important. People often state how people do not care about decentralization. That might be true. But, with what is taking place, even if they do not care, people NEED decentralization. It is the only way for things to move when going forward.

Fortunately, while the heavyweights battle it out, there are millions of people around the world working on a different agenda. They are motivated by what they see. Ultimately, all that is centralized will fall. It is simply how technology is evolving. Like the major countries, the power of technologies available to people is putting us in unchartered waters. People are creating things on laptops now that use to take rooms full of people to design and bring into being.

Cryptocurrency serves as a powerful weapon against those who still trying to assert control.

Charles Hoskinson, creator of Cardano and Ethereum, had this to saw in his forecast for the next decade.

“Every central bank in the world is aware of cryptocurrencies and some are even taking positions in cryptocurrencies. There’s really never been a time in human history where one piece of technology has obtained such enormous global relevance without any central coordinated effort, any central coordinated marketing. No company controls it and the revolution is just getting started.”

https://dailyhodl.com/2020/01/07/charles-hoskinson-predicts-economic-collapse-rise-of-quantum-computing-space-travel-and-cryptocurrency-in-the-2020s/

Ultimately, I see geographic boundaries taking on less importance. As we further enter the digital age, we are going to see people choose their governance models. Those who are interested in one particular model will spend his or her time on that network.

This is the freedom that will be presented to people. We are already seeing the extremely corrupt and inept governments faltering. Areas such as Venezuela and Argentina are seeing Bitcoin, along with other cryptocurrency, usage on the rise. After that, the banana republics will start to falter as the fall of the present economic system begins.

Trying to squeeze people with advanced technology is akin to trying to hold onto water in one's palm by closing the hand. It is does not attain the desired outcome.

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