Crypto Capital vs. The Gunpowder Revolution

Is crypto the end of Bigness? Is history repeating itself? Is… January 14, 2022 [UNSUBSCRIBE]( | [WEBSITE]( [Altucher Confidential] “The objective,” Prince Hans-Adam said, “must be to transform all states into peaceful service companies.” [HERO IMAGE] Crypto Capital vs. The Gunpowder Revolution By Chris Campbell The Metaverse Story You’re NOT Hearing… [Read more here...]( Everywhere you turn, people are raving about the Metaverse. Facebook’s now called Meta. Microsoft’s CEO says, “The Metaverse is here.” Apple’s all in too. But there’s a critical piece of the Metaverse story you’re NOT hearing about… [Click here now for the full details.]( It’s come to our attention that you might be missing out on extra benefits exclusively for Altucher Confidential subscribers. Check out our website where you can find archives, updates, and everything else included in your subscription. You can access it by [clicking here now](. What if? What if crypto succeeds as a major socio-economic force? What major paradigm-shifting trends would erupt in its activation? How would they shift the locus of political and cultural influence away from Bigness… Big Tech… Big Government… Big Inc.? All week, we’ve been asking ourselves, in one way or another, these questions. If crypto is as powerful as we suspect, these might be the most important questions of the 21st century. And if history is any indication, these questions aren’t as crazy as they seem on their faces. Consider, the nation-state rose to power largely because of two social and technological forces: 1.] The Gunpowder Revolution 2.] Collective bargaining for armies According to futurist and former CTO of Coinbase, Balaji Srinivisan, the immense power of the nation-state will wane because of these two things: 1.] The Crypto Capital Revolution 2.] Collective bargaining Meaning, if crypto is indeed successful in its mission to “eat the world”... (Which, of course, we think it will.) Balaji believes we could see the rise of Crypto Capital — a collection of distributed powers in direct competition with the prevailing superpowers: Western “Woke Capital” and the Eastern “Red Capital.” This next iteration of power — what Balaji calls “the network state” — will be distributed networks of people with shared values and enough capital and social clout to make its dent in the Universe. Unlike traditional nation-states, these network states will have the luxury of organizing first on a location-independent basis and then second physically. (Clout first, physical second.) Crypto, through this lens, is an inversion of the Gunpowder Revolution and a reversion to reputation-based culture (a digitized chivalry, if you will). It weakens military tech’s ability to effect change on a socio-political level, strengthening “sovereign networks.” Let me explain. Don’t Buy Any Crypto Until You Read This New Book! [Click here for more...]( not… I repeat… [Do NOT buy a single cryptocurrency until you read this new book.]( This could be the biggest opportunity of your life, but only if you act now. [Click here to see how to claim a copy of The Big Book of Crypto.]( The Gunpowder Revolution As mentioned, the rise of the centralized nation state is a result of a quantum leap in military technology — beginning with the Gunpowder Revolution. This technological tour de force gave powerful monarchs the ability to overpower the decentralized age of feudalism. In fact, the very concept of citizenship began through collective bargaining with hordes of fighting-age men. The burgeoning nation-state, because of its newfound immense power and wealth, could strike a bargain directly with the mass of common soldiers who would fight in its uniform. This method was far cheaper and less troublesome than negotiating with a decentralized mess of lords, notables, and knights. These external, sovereign actors could resist the nation’s agenda, whereas the citizen-soldier would find it far more challenging. This trend spurred a massive wave of “mergers and acquisitions” of feudal lords, marking the end of feudalism. The citizenship scheme depended on the fact that no large groups within its ranks could resist the nation’s agenda and get away with it. Over time, a sense of patriotism helped to ensure that citizens would self-police, lowering the need for public hangings and other forms of capital punishment. (Nation states began transitioning from hard power to soft power.) Later, nations capitalized on the Industrial Revolution through centralization of industry and regulatory capture. While centralization is estimated to have peaked in the 1950s, we are now witnessing the slow decline of the nation state and the rise of something else entirely. But what comes next? The Network State Balaji suggests that the same sort of collective bargaining that built the nation-state can and will be used to create the “Network State.” This is also in line with the Sovereign Individual thesis: With the rise of individuals able to take full custody of their wealth through cryptographically-protected cyber currencies, nations will move — out of necessity — from a centrifugal (or ballistic) model of governing to a centripetal (or magnetic) model. Meaning, the paradigm would slowly shift from trying to control populations to trying to attract them. The nations with the most to lose, of course — like the U.S. and China — might find this transition harder than those with the most to gain. Such as the El Salvadors, the Estonias, and the Lichtensteins. Liechtenstein, in fact, is a great example. Lichtenstein is one of the world’s smallest nations but has the highest per capita GDP on the planet. I met the country’s Prince Hans-Adam II in Washington D.C. at a convention. His book The State in the Third Millennium is a guiding light for all nations that want to catch this trend early. “The objective,” Prince Hans-Adam said, “must be to transform all states into peaceful service companies.” It’s an old concept, he says, in many monarchies that you service the people. This is why, he points out, the crown prince of England, Prince Charles, has in his coat of arms, “Ich Ding” or “I serve.” Hans-Adam admits he was moved in the past by Kennedy’s famous speech when he said, “Ask not what your country can do for you, but what you can do for your country.” And yet, after decades as a head of state and businessman, he now believes this is not the right question. We should instead begin asking what the state can do for its people… and how it can do it better than any other entity. So how could Crypto Capital influence this shift? In the same way the nation-states started… and the same way major corporations function today: collective bargaining. More on that Monday. [Ed. note: Check this out. Not only do we dive deeper into the philosophy of cryptocurrencies in our Big Book of Crypto, we also expose who (we think) Satoshi Nakamoto is… reveal the little-known true story of how Bitcoin really came about… and why the cypherpunk vision is actually coming true. Learn how to claim your copy [right here at this link]( Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential URGENT: Battery Patent No. 3069168 [Click here for more...]( of Tesla’s senior battery engineers QUIT Tesla and submitted a patent application for a revolutionary new tech process… But he didn’t just quit…he’s brought the chief of Tesla’s entire battery division with him. The man who helped create the original lithium ion battery. And today, you can take advantage of their TINY startup. 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