Network states will one day compete with nation-states
Dr. Corey Petty, chief insights officer at Logos, stated that network states could eventually rival traditional nation-states. He emphasized that blockchain technology endows individuals with trustless ownership, enforceable legal structures, and decentralized communication, all critical for establishing self-governing communities. The non-locality of these network states offers them an anti-fragile nature, freeing them from many physical constraints faced by traditional nations, such as military protection. This enables them to wield economic power globally. Petty's ideas build on earlier works by John Barlow and Balaji Srinivasan, who proposed new forms of societal organization. Srinivasan's 2022 book outlines how immutable code on blockchains can govern finance and societal structures. Ethereum's Vitalik Buterin has experimented with governance in a temporary community called Zuzalu in 2023, acknowledging unresolved governance issues. The concept of seasteading, creating self-governing floating societies utilizing blockchain, also faces significant technical and geopolitical challenges. The exploration of network states continues to push the boundaries of how societies might organize in the future.
Source 🔗