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pelespirit@sh.itjust.works

Tech moguls want to build a crypto paradise on a Native American reservation and hope to gobble up some land near you. (www.motherjones.com)

submitted 2 months ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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A network state would, like a kind of Pac-Man, gobble up little pieces of actual land, eventually amassing so much economic power that other nations would be forced to recognize it. Once that happens, laws in more conventional nations could become almost irrelevant. Why on earth would, say, a pharmaceutical company with a new drug choose to spend billions of dollars and decades on mandated testing when it could go to a deregulated network state and take it to market in record time? As Srinivasan argued in a Zoom talk at last year’s conference, “Just like it was easier to start bitcoin and then to reform the Fed,” he said, “it is literally easier to start a new country than to reform the FDA.”

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[–] jumping_redditor@sh.itjust.works -1 points 2 months ago (1 children)

so a more modern take on casinos on reservations?

[–] pelespirit@sh.itjust.works 1 points 2 months ago (1 children)

How so? You'll have to explain that to me in detail.

[–] jumping_redditor@sh.itjust.works -1 points 2 months ago

casino's are banned in all us states except Nevada, however because reservations are more or less outside of the states jurisdiction many reservations allow casinos on them and there is nothing the state can do about it. The casinos do bring in revenue to the reservation which I guess is good though.