We’ve all felt the disruptive tremors Bitcoin and other cryptocurrencies continue to send cascading through the world of finance. We’ve also witnessed the frantic measures that many of the major Nation States of the world have taken in an effort to protect their central banks’ financial monopoly and control the procession of cryptocurrency into our financial infrastructure.
The Nation States have since the 1648 Treaty of Westphalia held a global monopoly on governance and thereby assisted the formation of monopolies in almost every other major sector of society. This model of governance ushers us into a sociopolitical framework according to where we are born. Through tyranny of the majority, we are then confronted with arbitrary restrictions on our personal sovereignty and individuality of various magnitudes.
The Nation States are social organisms unto themselves. In an environment lacking diversity and competition to generate variances upon which evolutionary forces can act, such a social organism will become stagnant and its constituents will be limited in manifesting their potential. The present Nation State monopoly is therefore incompatible with evolutionary principles and is inhibiting our biological, technological, and cultural evolution.
The Nation State needs some competition. An increasing number of teams and projects are striving to bring forth this competition in various ways, but none are as comprehensive and methodical as Bitnation.
Enter Bitnation Pangea
Bitnation was conceived in 2014 and presently consists of over 100,000 lines of code drawing from an impressive array of decentralized technologies after more than three years of intensive design, research, testing, and development. Its core infrastructure is that of a smartphone chat-based poly-legal jurisdiction known as Pangea powered by an ERC20 Ethereum token, the Pangea Arbitration Token (PAT).
The first service offered on Pangea allows users to create and join a Decentralized Borderless Voluntary Nation (DBVN). Each DBVN has its own Constitution and operates according to its own code of laws. Eventually, Pangea will facilitate the group and personal chats wherein users can write peer-to-peer smart contracts, resolve disputes and access additional governance services provided by third-party Dapps.
PAT will be awarded when users and the nations they create fulfill agreements with one another, resolve disputes and otherwise provide quality governance services. Via this mechanism, both human and automated AI reputation and arbitration systems, as well as arbitrator code of law registries, will incentivize contract compliance.
As more governance services are added to Bitnation’s ecosystem and more people learn how to implement them into their lives and communities, the presence of competition in the market for governance will make the Nation States increasingly irrelevant and give way to an age of flourishing human potential.