The reason the nation state won’t go away is a nation state beats out individuals or small groups. Rome won for a long time since it was a nation state, when it became just a state, other nation-states beat it. In a current example, ISIS is functioning as a nation state, while Iraq and Syria were not. I also expect that current banks will simply transition to monitoring the bitchain on behalf of it’s customers. I don’t believe society we will see much change. The last point I wanted to put forth is that the US dollar’s ‘asset’ is the entirty of the United States. So the dollars are a bet against the entire country. Anyone with the own currency is. taxes to debt isn’t the ration to look at.