Decentralized, Open-Source Technology Is Immune To Geopolitics
To investors, Liza Lin wrote a story in the Wall Street Journal this morning titled “China Intensifies Push to ‘Delete America’ From Its Technology.” It clearly articulates a renewed effort by China to reduce their dependency on American technology companies, including hardware and software producers. Lin writes:
If you ignore which countries are involved and merely evaluate this strategy on merit for a nation state, it makes a lot of sense. Reducing dependency on foreign countries and international supply chains makes your country more resilient. Driving innovation and focusing on domestic manufacturing creates jobs, while simultaneously creating GDP growth. Lastly, a vertically-integrated nation state has less security vulnerabilities to worry about. For some reason, the American economy and our politicians have a harder time pursuing this strategy than China. There is no guarantee that China will be successful, but at least they are trying. Imagine if you read the following:
That description would be incredibly bullish for the future of America. Unfortunately, it is not true at the moment. One other idea came to mind as I read the article this morning — decentralization. Given the rise of blockchain technology, combined with an ever-increasing popularity of open source software, it would not be surprising to see more country-agnostic technology. Bitcoin is a solid example. It is not possible for a country to fight bitcoin on the premise that their citizens should not adopt another nation’s currency. Bitcoin has no nation. It is not American or Chinese. The digital currency simply exists in a global economy and can be used by anyone for their desired purpose. There are not many technologies that fit this description today, but my expectation is that many more will reach global adoption as geopolitical tensions continue to rise between the largest economies in the world. Politicians and militaries care about countries of origin. The end user just wants to use technology that solves their problem. The natural answer will be decentralized, open-source technology. It will be interesting to see what major products are next to seize the opportunity. Hope you all have a great day. I’ll talk to everyone tomorrow. -Anthony Pompliano Anthony Pompliano records a solo episode explaining what is going on in the bitcoin market, historical context, analysis of where we currently are, macro environment, and where we are headed. Listen on iTunes: Click here Listen on Spotify: Click here Bitcoin Update: All-Time High and Where We Are HeadedPodcast Sponsors
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