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This past weekend, a group of 14 senior high school boys, along with their parents, came to the shelter for a service day. ABC was selected as their Senior Project charity, after an recent adopter saw there was a lot of things they could do to help the facility. So far, they have spent two six-hour service days at the shelter. We appreciate and thank each of the members of btc North Valley for their help trimming trees, fixing gates and fences, planting trees, cleaning fans, and much more! They will wrap up their project in January with repairs to the parking lot and clean up throughout the facility.

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Texas A&M Bitcoin Conference 2021

Listen to this article. We take a third view: Not only has technology already changed the global order, but it is also changing the nature of both companies and states themselves. The 21st century belongs not to China or the United States—nor to tech companies as traditionally understood. It belongs to the internet. This is true for many reasons, of which perhaps the most important is the rise of decentralized protocols like Bitcoin and Ethereum that are controlled by neither states nor companies.

Here are 10 ways in which we are transitioning from an age of geopolitics to one of techno-politics. Traditional geopolitics of the Mackinder school of thought concerns itself with the eternal location of territorial powers. Russia and Japan might have different ideologies over time, but their geography remains constant—or so the argument goes.

However, the internet is adding a new dimension to this. It is not merely a passive data layer that states enable and contest but a new kind of geography comparable in scope to the physical world.

Think of it as a digital Atlantis—a new continent floating in the cloud where old powers compete and new powers arise. Within this cloud continent, the unit of distance between two people is not the travel time between their positions on the globe but rather the degrees of separation in their social networks. This means anyone can put themselves near anyone else by simply following them on social networks or keep others away by blocking their accounts on those same networks—no plane ticket required.

Any floating entity within this cloud continent can likewise attempt to interact with any other by pinging the right IP addresses, for the purpose of anything from transactions to cyber invasions—no preexisting proximity required. Every citizen of the old world, provided they have internet access, can simply become a citizen of the new by telecommuting via their screens to spend a few hours in the cloud each day, as billions of people routinely do—no physical immigration required.

Encryption serves as the digital equivalent of physical fortifications in the cloud, allowing any user to defend their digital property without resorting to traditional munitions—no physical force required. Bottom line: Network proximity is now on par with physical geography, and basic geopolitical assumptions about citizenship, migration, power projection, and the use of force need to be rethought for the digital world. Think about what happened with newspapers: First, they all went online.

Then, Google News indexed them all. Last, local papers found that their geographic monopolies had evaporated now that it was no longer necessary to distribute physical newspapers via trucks. A similar fate will befall national currencies. Already, national currencies compete with cryptocurrencies because individuals and institutions hold digital wallets filled with various assets that can be traded against one another.

This will only accelerate once central bank digital currencies CBDCs are introduced. The digital version of the Japanese yen will be plunged into head-to-head global competition with the Swiss franc, the Brazilian real, and any other asset with an open capital account, including Bitcoin.

Everyone becomes a foreign-exchange trader, all the time, and only the best national currencies—or cryptocurrencies—are ever held by anyone. Rather than the current environment of unchecked inflation and competitive devaluation, the defi matrix imposes a new kind of discipline on national currencies, as billions of people make individual choices regarding which currencies to hold—or not hold.

Walt asserts that because proponents of stateless digital techno-utopias still need to live somewhere, a state ultimately has control over them. But in a competitive marketplace of jurisdictions where somewhere can be anywhere, no single government has as much authority as people think. After all, many aspects of life are already in the cloud like email, education, and e-commerce and many others are partially digitized like finance and foreign incorporation. But so long as people can afford to or are allowed to leave, they have more options than ever for a more hospitable host state.

Just ask the 9 million American expatriates scattered around the globe, a figure that has doubled over the past decade. The Great Migration is on. Over the last decade, entrepreneur Peter Thiel , developer J.

Storrs Hall , and economist Tyler Cowen made compelling cases that digital technology had advanced while physical technology remained stagnant. Once something works online, it can be printed out anywhere and scaled faster than ever before. Less capable states will attempt to maintain control by making futile, reactionary attempts to regulate emerging physical technologies back into the garage from whence they came while more capable jurisdictions will embrace them. States will need to reinvent themselves as masters of new technologies, both digital and physical—or fall behind and witness their best citizens leave for jurisdictions that do.

Traditional taxi regulators might do cursory inspections of medallion holders. In a real sense, these tech companies are more modern regulators than the paper-based models of the 20th century. First, these companies are, in important instances, already achieving state ends faster than the state.

This gives Gojek a massive base of public support. From a political standpoint, anti-technology activists have only been able to muster slim and contentious margins of support for new regulations because app workers did not profit as much from the rise of the sharing economy as app developers—giving a wedge for class actions. However, the next step is the full Web3-based decentralization of online marketplaces and sharing economy services, which is already well underway via peer-to-peer trading of cryptocurrencies so-called decentralized exchanges.

These new forms of transnational regulation, where app users have a stake—and a say—in how their platforms are run, will expand beyond cryptocurrencies to the peer-to-peer exchange of other goods and services over time. If you had to bet on which will shape the future, the smart money would be on states over technology. Because the U. Food and Drug Administration was set up to regulate Merck and Pfizer, not 1 million biohackers; the Federal Aviation Administration was built for Boeing and Airbus, not 1 million drone hobbyists; and the U.

The people running these institutions typically have career tenure; they were not democratically elected and are not easily fired. They are thus not obviously accountable to the public they claim to serve. Crypto protocols, by contrast, allow millions of active participants—both customers and producers—in a market to develop decentralized regulatory mechanisms that avoid both the perils of captured state regulators and corporate self-regulators. It is only a matter of time before cloud-based entities emerge for decentralized regulation of industries beyond cryptocurrencies.

But cryptocurrencies challenge this view as they establish a full-fledged theory of digital property rights outside the state. When property becomes a password, all our intuitions change.

After three decades of bombings and invasions, sanctions and surveillance, the United States can no longer credibly claim to be the impartial arbiter of a rules-based international order. Obviously, any such rules are very clearly not applied to itself. Intellectual property is already being codified on blockchain ledgers, beginning with nonfungible tokens, bringing transparency to what has been a fragmented legal process.

Property rights themselves can be digitized through geographic information system GIS mapping and land cadastration surveying and parceling of property , eroding the bureaucratic opacity that favors predatory governments. And rather than subject themselves to expropriation risks, investors could demand governments put up collateral codified in smart contracts that would be forfeited in default. We are still in the early days, but enforceable international law may become synonymous with decentralized smart contracts, at least in the context of international trade.

And beyond trade, crypto protocols provide transnational protection for civil liberties like freedom of speech and privacy. This is not yet the entirety of what the rules-based order purports to protect, but the ability to guarantee free speech and free markets to anyone with an internet connection is a major step forward. While physician and professor Hans Rosling and others have documented how global inequality is actually falling, the issue remains a hot topic for Western countries, which have seen their net worth remain stagnant even as others particularly countries in Asia rise.

The most promising way to resolve this may be via Web3 protocols, which can be thought of as a variant of universal basic income that splits the reward—and the risk—of building a giant tech service across millions of volunteer asset holders.

Most of the funding for Web3 protocols has not come from established tech companies. Bitcoin was coded by a pseudonymous founder who took no venture capital investment. Ethereum was started by a college dropout who crowdfunded the start-up capital online. And with the rise of decentralized finance , there is now an incredible variety of financing mechanisms to allow smart people with no money to find smart people with money to build tools that allow all people to make money.

And that is how Web3 may accomplish what no antitrust action or arbitrary seizure could. We used to think of books, music, and movies as distinct. Then they all became represented by packets sent over the internet. Similarly, today we think of stocks, bonds, gold, loans, and art as different.

But all of them are represented as debits and credits on blockchains. We should start thinking of collections of people—whether communities, cities, companies, or countries—as cohesive agents unto themselves, less constrained by territoriality and with different layers aligned with one another in shifting combinations.

In each of these cases, cities and states are fusing with cryptocurrency networks to provide their citizens with new services. Indeed, with the rise of decentralized protocols, we anticipate that many states in the middle may decide to use Bitcoin, Ethereum, and other chains for China- and U.

That is, in addition to building national stacks data and app ecosystems for domestic transactions and communications, countries may use neutral protocols for international transactions and communications. Early signs of this are already visible with Latin American countries adopting Bitcoin. Not incidentally, such protocols will also command the respect and investment of many millions of Chinese and American citizens.

We do not argue that states are irrelevant; rather, they will be more relevant if they embrace the arrow of history and work with the network and less relevant if they attempt rearguard actions against it.

Such is the nature of great protocol politics. What does that mean for the United States? Today, the United States is experiencing a relative decline in strength across economic and military axes. Its global role is more a function of its victories in and than its capabilities in The United States could also continue on its current path and try to fight China, Bitcoin, and the internet at the same time. Twitter: paragkhanna. Balaji S. Srinivasan is an angel investor and entrepreneur.

He was the chief technology officer of Coinbase and a general partner at Andreessen Horowitz. Twitter: balajis. Commenting on this and other recent articles is just one benefit of a Foreign Policy subscription. Already a subscriber? Log In. Subscribe Subscribe. View Comments. Join the conversation on this and other recent Foreign Policy articles when you subscribe now.

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Far-Right Leaders Are Raking In Millions From Bitcoin, New Study Shows

Chiranjeevi lives in Hyderabad, India, with his young family. He is a smiley, glass-half-full kind of guy - naturally positive and full of energy. He's smart, too, and works in an Indian tech company. He's the least likely person, you'd think, to fall victim to an online scam.

Banbury Town Council - Easington North Ward Poll is taken together with the election of the Police and Crime Commissioner for the Thames Valley police.

Great Protocol Politics

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Climate experts warn that plans to repurpose waste gas is not a solution, but more like placing a Band-Aid over a gaping wound. I n January of , Chase Lochmiller and Cully Cavness, recently reunited prep school pals from Denver, drove out to the snow-covered plains of Wyoming to bring a piece of tech culture to the American heartland. Cryptocurrencies such as bitcoin, the most-popular decentralized digital currency, have a notoriously large carbon footprint bitcoin mining alone consumes about half as much electricity in a year as all of the UK. Their creation is part of a niche wave of tech startups that are now eyeing the oil and gas industry to help power the cryptocurrency boom.

El Salvador had come on the radar of the financial world after it announced that it was making bitcoin a legal tender. The decision made the small North American country a favorite among crypto enthusiasts but not everyone has been happy with this move.

Legality of cryptocurrency by country or territory

Bitcoin is on the verge of going mainstream, with some companies — and even countries — recognizing the cryptocurrency as legal tender. The market cap of Bitcoin now surpasses both Facebook and Tesla , and it also recently became the 13th largest currency in the world. In the real world, however, the surging investment in virtual currency is inflicting real world impacts — perhaps nowhere more acutely than Pennsylvania. As Bitcoin mining operations scour the globe for readily available electricity, previously dead or dying fossil fuel plants are being resuscitated and repurposed to power single-purpose supercomputers. The result is a tremendous amount of unnecessary carbon pollution.

NWA Council offering $10K in Bitcoin to draw talent to Northwest Arkansas

Before most people had ever heard of the digital currency bitcoin, Brian Armstrong, a year-old engineer at the home-sharing website Airbnb, thought it could make him a lot of money. An anonymous, encrypted, government-free online version of money would simplify all that. It would be faster, more secure, and vastly cheaper. The problem was that the things that made bitcoin attractive also made it bewildering for noncoders. Using it required balky and hard-to-use software called a wallet. Bitcoins were also a challenge to obtain—mostly you had to purchase them from middlemen who operated in the regulatory shadows and who sometimes turned out to be crooks. The money was hard to spend, because few merchants accepted it—the currency was just too new. Armstrong realized that the way to widespread acceptance of bitcoin was a user-friendly wallet.

by becoming the first sovereign government to use bitcoin as legal tender—and speaking from his home in Silicon Valley on Saturday.


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BBC Bitcoin mining report used in crypto-scam

RELATED VIDEO: Inside the Largest Bitcoin Mine in The U.S. - WIRED

Ever wanted to buy something with bitcoin? There are now some 15, businesses that accept payment in cryptocurrency around the world, and more than 2, of them are in the United States. Bitcoin is not without controversy, but one fact is indisputable: more and more merchants and venues are willing to accept digital currency for payment. In this article, we identify which cities are at the forefront of embracing virtual currency.

The Florida case looked like a run-of-the-mill business dispute. A jury rejected claims that Craig Wright, an Australian computer scientist, and David Kleiman, a computer forensics expert, had formed a business partnership.

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Bitcoin is a decentralised digital or virtual currency. An easy way to think of it is like cash for the internet. It was founded by Satoshi Nakamoto in and first went live in There is an air of mystery that surrounds Satoshi Nakamoto - much debate circulates in online forums as to who or whom Satoshi Nakamoto could be, and if he even exists.

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