The Sovereign Individual

I’m reading the book “The Sovereign Individual” , published in 1997, and the authors argue that “cybercash”, since cryptocurrencies wasn’t a thing then they referred to it as cyber cash, removes the state's ability to confiscate wealth through inflation and taxation.

And those who recognize this shift early and move their assets into encrypted, borderless digital money become "Sovereign Individuals" and gaining total control over their capital while traditional and location institutions fall.

I wanted to read this since this book has predicted a lot of what the world is today, not 100% but did nail the cryptocurrency prediction part in 1997, and says that this is basically the future in simple terms. And people who don’t catch it before this transition happens will have a lot of suffering.

This is going to sound crazy and delusional to some but i genuinely think this is the inevitable end with fiat currency collapsing and the government retaliating against cryptos.

Invest the book it also mentions that the governments will turn nasty, they already are, and will try to make restrictions with cryptos but will eventually fail and the people who hold digital assets such as bitcoin in this case, will have the ultimate power and freedom.