The country remains dependent on oil. But as we are now learning, oil is becoming increasingly scarce.
Scripts were rather scarce in 1968. We did a lot of Amiri Baraka's plays, the agitprop stuff he was writing. It was at a time when black student organizations were active on the campuses, so we were invited to the colleges around Pittsburgh and Ohio, and even as far away as Jackson, Mississippi.
Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.
Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical.
By, say, 2025-2030, I expect that there will be multiple jurisdictions that allow the tokenization of virtually any scarce resource, all the way down to personal tokens.
Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.
Climate change, in some regions, has aggravated conflict over scarce land, and could well trigger large-scale migration in the decades ahead. And rising sea levels put at risk the very survival of all small island states. These and other implications for peace and security have implications for the United Nations itself.
Companies that receive government information demands have to obey the law, but they often have room for maneuver. They scarcely ever use it.
Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
The possessors of wealth can scarcely be indifferent to processes which, nearly or remotely have been the fertile source of their possessions.
