“Bitcoin, on the other hand, is both a global currency and a global payments network. It is acceptable in any place all over the world where people and businesses are willing to accept it. One bitcoin in Penang, Malaysia is equivalent to one bitcoin in Sagada, or Okinawa, or Oahu, or the McMurdo Station in the Antarctic. Those who recognize the value of bitcoin have little use for money changers—it’s a frictionless currency. One can imagine Jesus would be happy with this result.
As a global payments system, Bitcoin works without borders, constituting the Earth as a single market for exchanging anything of value. No government or regional political association can ever accomplish this type of market integration with this level of efficiency on this scale without deploying the politics of ‘aggressive negotiation’ (to borrow from a certain Skywalker), or colonizing armies, or extracting power or resources from other countries for the privilege of creating any such payments platform or facility.”