The American “National Interest” website published a report saying that digital assets based on “Blockchain”, under a sound legislative and regulatory system, will be able to achieve new horizons of fair prosperity for America and the world.

The report indicated that it was Scott Sternetta, a blockchain co-inventor and chair of the American Blockchain PAC Advisory Board, who recently coined a “Blockchain with American Characteristics,” and presented this phrase during a speech last January before a meeting of the American Blockchain Association. Governmental Blockchain in Washington, DC.

The report stated that “Blockchain with American characteristics” alludes to a system that respects the decentralization of power inherent in the liberal republican system (as in freedom), which permeates the political DNA of America.

He said that this places America in a strategic advantage in its essence, which represents the great philosophy on which America was founded on decentralization, not the centralization of control.

What does that mean?

The report indicated that two fundamental changes occurred in the world, before it began predicting that cryptocurrencies have the potential to be a major transformative factor for achieving an unprecedented golden age of freedom and prosperity.

And the two changes he referred to were: the end of the imperial system in the world.

In 1910 most of the world was ruled by emperors, and the imperial world order was the core of central control.

This is how the world worked for about 5,000 years until the early twentieth century, then the 5 largest empires collapsed in quick succession, 4 of them - Chinese (1911), Russian (1917), Austro-Hungarian (1918), and Ottoman (1922) - in Within nearly a decade, the British Empire - the fifth - was in final collapse.

By historical standards, the global revolution in power from imperialism to the struggle between liberal republic and totalitarianism was surprisingly fast.

Since the collapse of imperialism, the global geopolitical order has been defined by battles between the free world, led by America, and dictatorships: first Nazis and fascists, then communists.

The forces of freedom defeated National Socialism, fascism, and Japanese imperialism, and then the free world dismantled the Soviet Union and pushed Russia and China from totalitarianism to authoritarianism, a step in the right direction.

The fall of the empire was the "big bang" of the modern world political order.

The report stresses that the nature of the blockchain is a mechanism for distributing consensus on a large scale, and this is adapted in nature to the pro-freedom and anti-authoritarian spirit that has prevailed since the victory of the Allied powers in World War II and the victory of the free world over the Communists in the Cold War.

This sums up what might be called the political "transformation of freedom".

The second change is almost too big to see, the "transformation of prosperity."

The report goes on to say that when the "supply-side revolution"—meaning to stabilize the dollar and lower marginal tax rates—first appeared, handed over from Representative Jack Kemp (R-NY) to presidential candidate Ronald Reagan, it unleashed an era of Unprecedented global prosperity.

On the day Reagan officially announced his candidacy for the presidency (November 13, 1979), the Dow Jones Industrial Average was 814 points, and the gross domestic product of the United States was $2.7 trillion.

It is now over $24 trillion, and global GDP has risen from about $10 trillion, to about $94 trillion now.

Real per capita GDP in the United States has risen from $30,000 to nearly $60,000, meaning that Americans today are much richer than they were nearly 40 years ago.

The close relationship between freedom and prosperity

The report goes on to say that blockchain-based digital assets, such as cryptocurrencies, under a sound legislative and regulatory regime that protect the public and markets while allowing emerging technologies to thrive, such as those enshrined in Representative Glenn GT Thompson's "Digital Goods Exchange Proposed Act", are carried in With it the possibility of achieving new horizons of equitable prosperity for America and the world.

He added that all that is needed now is for one or more leaders in the cryptocurrency sector to step forward, to provide intellectual guidance to help our elected officials create the right policy climate.

What is this climate?

It is he who allows cryptocurrencies to flourish, while protecting consumers and pushing the world - led by America - into a golden age of unprecedented prosperity, this is "Blockchain with American characteristics!".