What Bitcoin Did

Podcast Notes Key Takeaways

• Flag Theory: Having multiple citizenships limits your dependency on any particular state to obtain the benefits of multiple jurisdictions for business (tax laws) or personal (security, government) reasons
  • Jurisdictional arbitrage is the concept around creating a cross-country free market for monetary, political, and legal discrepancies
• Plan B Passport
  • Company that helps you obtain a second passport in a country that matches your values and goals
  • Designed to create an opting-out strategy from your country of citizenship if changes in policy are not advantageous to you financially or personally
  • Passports come from 5 Caribbean countries (Antigua seems to be the most advantageous) as well as more countries on the way, including Portugal
  • Tax advantages (no income tax, inheritance tax, or capital gains tax) in most of the countries offered
• Citizenship by investment
  • Many countries like El Salvador are creating opportunities to donate Bitcoin to their country in return for residency/citizenship and more advantageous laws
  • Bitcoin makes this borderless transaction possible
  • Bitcoin allows the digital-nomad to practice business across multiple countries as a borderless currency
• Governments operate in the customer service industry and should be treated as free market

Read the full notes @ podcastnotes.org

“As the world becomes borderless for us remote workers and people with borderless money...we don’t see the borders anymore; and because of that the borders will start to fall.”
— Katie The Russian

Location: Remotely
Date: Monday 19th July
Project: Plan B Passport
Role: Founder

Bitcoin and libertarianism go hand in hand. As such, avoiding tax and limiting reliance on the government is a significant goal for many bitcoiners. Plan B Passport, a company set up with bitcoiners in mind, aims to make that happen, and through their work, they want to accelerate the 'Sovereign Individual' thesis.

By enabling people to obtain a second passport and removing their dependency on any single state, it empowers the individual while taking power away from governments. People can now vote with their money and their feet.

So how easy is it to obtain a second passport, and what are the pros and cons?

In this interview, I talk to Plan B Passport Founder, Katie the Russian. We discuss flag theory, the state as a service provider, why some nation-states will fail to compete in a free market and how Bitcoin enables all of this.

This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
Revolut - A better way to handle your money

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WBD377 - Show Notes

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