I’m very rarely impressed by decentralized projects anymore. After all I’ve reviewed a fair share of them. The last time when I was truly impressed was when I was reviewing Decenternet. Well and it happened again with Bitnation. I couldn’t be more excited!

But first things first. Reviewing such a project is a tough task to do, since the whitepaper is over 40 pages long, is very complex and has important additional documents that need to be read in order to fully comprehend the depth of the project. I have finally accomplished that, therefore I’m finally ready to present Bitnation to you, dear readers. I decided to review it in 5 separate articles (including this introductory one). Bear in mind that the topic of each individual article is subject to change if the need arises. Nevertheless, this is roughly what you should expect.

1. Introduction

2. Why opt-in governance is a necessity and what Bitnation brings to the table

3. Bitnation technology

4. PAT reputation sub-tokens

There is so much to say about Bitnation that it almost feels impossible to summarize the project in just a few words. Nevertheless I feel like it’s very important to introduce the project, so you can make an educated decision whether those 5 long articles will be worth your precious time, or quite the contrary.

Bitnation doesn’t aim any lower than to provide a competition to current governments. As we all know, governments of today have successfully annexed every square inch of habitable space on the planet earth. The system is set up in a way, where it’s nearly impossible to choose to opt-out and…well…do things your way. People are basically forced to compete with each other to reach governments benefits (incentives). A perfect example could be a new awesome Czech law. All service providers have to have this special machine that controls all transactions in-between a customer and a provider. A provider then has to give a bill to a customer. Now if a provider doesn’t do that, a customer can then snitch on a provider to the government. If he indeed does so, he’s eligible to win a prize. What an awesome incentive wouldn’t you say? The implication of those disruptive incentives and lack of competition isn’t anything less than decrease of the quality of governments’ services and increase of their prices.

Bitnation twists this around. It allows creation of governance models that compete AGAINST EACH OTHER to attract potential “citizens”. Those governance models are of course fully opt-in/opt-out. Those governance models could be voluntary nations, city states or autonomous communities targeting basically any domain (education, security…you name it). Outcome of such a reverse state is indeed increase of the quality of the provided services and decrease of the prices. Citizens would regain the freedom of choosing, which governance models suit their needs and deserve to be supported.

Those governance models would be of course borderless. The whitepaper refers to those communities as DBVNs. Each DBVN could create its unique set of rules, or use some established ones from the analog world. All citizens could create business agreements, private agreements or smart contracts with each other. Possible use case of a private agreement could for instance be a lesbian marriage in-between ladies from Uganda (where they wouldn’t be allowed to do so and would probably be killed or imprisoned) to ensure that they truly can create a contract to safeguard their belongings from their families and government. If the consensus wouldn’t be reached regarding the agreements, participants could then choose from free market arbitrators (that could be done even prior to the dispute obviously). EACH AND EVERY entity in the system has its reputation in form of non-tradable tokens (meaning they could be ported to different Blockchains if the community decided to port itself) and rewards are distributed according to the reputation of those entities. The rewards are distributed by an autonomous smart contract Lucy that is portable to any smart contract friendly Blockchain. In other words, Bitnation is Blockchain agnostic (interoperable with most of the Blockchains). The reputation of course eases the decision making of all the engaged parties when they would be deciding in which community or with whom to engage.

I have always believed that traditional means through which nation is described – such as same culture, history, language and geographical location are becoming more and more outdated as humanity transits into a “global village”. I always argued that mutual interests, objectives and the extent to which people can cooperate will be the new deciding factor of “who belongs to that one nation” (provided the term will persist the transition). DBVN pretty much is the virtual representation of my old belief!

There is one addition I would have to the first part of the whitepaper. It argues that the history events happen on a linear path, as represented by this image.

I beg to differ. We have all heard the idea that history repeats itself right? Now I partly agree with that, but I’m still not satisfied. I believe that history truly does repeat itself but with a (mathematical) limit. By that I mean that it tends to get closer and closer to the historical events that have already occurred, but never reaches the same position for the second time. Thus said, I agree with the outlined tribalisation (decentralized part) and following transition to empires/governments (centralized part). I also agree that we are moving into a decentralized environment again, but I think that the battle will not be over when we breach that line. I also believe that the upcoming decentralized sphere might resemble the tribal sphere quite a lot (maybe more than we would like) for we are returning to a decentralized sphere for the first time (this is the first cycle regarding decentralization) and we might need more cycles to reach true holocracy. But this is just some fruit for thought until I come back with Pt.2!:)

Bitnation whitepaper

Twitter: https://twitter.com/@MyBitnation

Facebook: https://www.facebook.com/MyBitnation

Steemit: https://steemit.com/@bitnation

Telegram: https://t.me/PangeaBitnation

Project Website: https://tse.bitnation.co/

BitNation Blog: https://blog.bitnation.co/

**DISCLAIMER**

The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.