This is an opinion editorial by Kal Kassa, the head of business development at hoseki and an Ethiopian Bitcoiner.
Various multinational institutions are failing to complete their intended missions and objectives. Institutions like the United Nations and the many offices they work with publish narratives of “sustainable finance reforms,” but recent events in Canada, Sri Lanka and the Netherlands share characteristics that may help the research of dynamic groups in various nation-states today.
Addis Ababa, Ethiopia, is arguably the diplomatic capital of Africa. With increasing aid, investment and high-risk financing from various institutions over the past century, Ethiopia has trended toward being a feudalist monarchy and then a Marxist/Leninist State. Most recently, our history consists of revolutionary democracy under a collection of poly-ethnic federalist states.
As these dynamic populations gain greater access to freedom tools like telecommunications and bitcoin, I suspect there will be “good deflation,” as captured by Jeff Booth in “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future[1].”
“A bird in the hand is worth two in the bush.”
We are seeing innovations on the Lightning Network and most recently, with the FediMint scaling solution. To catalyze our imagination further, I assume we may see case-studies within tribes and villages living off-grid. As this education emerges, we will enter a new phase in our financial history where a village can request the audit of its village elders and receive a verifiable response on a trustless ledger. I imagine that will bring billions of people into this digital century.
Understanding channels and how they relate to community safety will yield a growing bounty. Social contracts and difficult questions of collective security will increasingly be negotiated without the interference of global institutions like the United Nations and the many more three-letter
