Short The State: How Bitcoin Enables Jurisdictional Arbitrage By Kate The Russian This article is the second in a series inspired by the limitations imposed by governments on their citizens and the need for Bitcoiners to find sovereignty through unrestricted, global travel. In this article, Katie The Russian, Bitcoin enthusiast, Bitcoin Magazine contributor and CEO of Plan B Passport, discusses and explains the importance of jurisdictional arbitrage. Plan B is an organization that helps people reach greater levels of safety and security by assisting them in relocating outside the reach of oppressive governments, Jurisdictional arbitrage is defined as the practice of taking advantage of the regulatory differences between different legal jurisdictions. In a truly free-market and capitalist system, each individual should have the opportunity to decide where to reside depending on their needs. However, governments do not like this phenomenon, and try to prevent it in any way that they can. They want to keep an effective monopoly over their subjects and force them to work and pay taxes to them independent of their efficiency and the services they offer in exchange. Bitcoin is the right tool for humanity to make jurisdictional arbitrage possible. |