Summary of How Internet and Bitcoin Kill Your Country — And What Will Replace It

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00:00:00 - 00:25:00

The internet and Bitcoin are having a major impact on the world, and this is causing major changes in the way that countries are run. These changes will lead to a more global economy, and a different way of making decisions about all aspects of the economy.

  • 00:00:00 The video discusses how geography and technology have influenced human development over the years, and how this is changing with the advent of the internet and Bitcoin. The author argues that, as history moves forward, geography will become a less important driver of political and social development.
  • 00:05:00 The video discusses how the advent of the printing press and other technologies led to the gradual decline of the power of the church, which in turn led to the emergence of more democratic nations.
  • 00:10:00 The speaker discusses the changing political systems due to the advancement of technology and how it will result in the displacement of many jobs. He also talks about the industrial revolution and how it took 130 years for many jobs to be automated away. He also points out that in the meantime, there are new industries that appear to offset the displacement of old ones.
  • 00:15:00 The video discusses how internet and Bitcoin have killed off many jobs in traditional industries, leading to a 'hollow out' of the middle class. The trend is likely to continue as technology improves and more jobs are automated.
  • 00:20:00 The video discusses how the internet and bitcoin kill your country by causing unemployment, wealth inequality, and more. It suggests that there will be new policies to enable people to move and work where they want, and that blockchain can eliminate gatekeepers.
  • 00:25:00 The video discusses how the internet and Bitcoin are changing the way government is done, and how this will eventually lead to a different decision-making process for all aspects of the economy. It predicts that the European population will peak in 2021 due to a lack of children, and that this will lead to major financial problems.

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