Part 7/12:
He asserts that Bitcoin could destabilize the current nation-state structures, which depend on inflation and control over money supply. A Bitcoin standard —where wealth is stored outside government control — could threaten the very foundation of centralized governments, pushing toward smaller, competing city-states rather than sprawling nations.
This decentralization might rejuvenate local governance, making it more accountable and future-focused, competing to attract talent and economic activity. Vijay envisions a world where smaller states or city-states operate under corporate-style governance, enabling faster adaptation and better alignment with citizens’ values.