Accelerating the sovereign individual thesis, Citizen X is opening new doors for the diversification of Bitcoiners -centered passports with the recent acquisition of the Passport of Plan B.
Citizen X, the company of citizenship expert in research technology (CBI) based in Switzerland, made a great splash this week with news of its merger with the passport of plan B, Katie “The Russian” Ananina, the CBI company centered on Bitcoin.
“They like privacy and security,” Katie said about the company, explaining the ways in which this super fusion charges both companies and can accelerate the “sovereign individual movement.”
The sovereign individualA book initially published in 1997, has quickly become a basic element of Bitcoin’s culture, with a proliferation of the word ‘sovereign’ in brands and memes throughout the industry.
The book raises a future in which political power begins to decentralize the state-nation institutions and institutions inherited to individuals, thanks to the economic forces unlocked online and accelerate advances in technology, such as digital cash.
According to the book, growing technology trends that favor people will increasingly persuade governments to compete for high value talent, reformulating the relationship between citizens and governments in a relationship of consumption at service service. A state and citizen services market would become the norm as entrepreneurs and creators of wealth become increasingly agile, international and difficult to tax.
The idea of the sovereign individual and the many predictions made in the book on how the digital age will develop has inspired many entrepreneurs and technologists, including Katie and Alex Recuse, the CEO of Citizenx. Since the publication of the book, believers in the sovereign individual thesis have positioned themselves to take advantage of this paradigm shift and some are even working to accelerate it.
The demand for a modern update of government processes aimed at creating more efficient state services seems to be a growing tendency, with the “Government Department of Efficiency” of Elon Musk (((((DOGE) Initiative blessed by Trump that represents a recent example. The structures and political institutions that built the world in which many of us were born are, possibly, in many cases outdated and increasingly obsoleted by technological advances.
They are Katie’s personal frustrations with the immigration bureaucracies worldwide that led her to begin the passport of Plan B. As a young star athlete and professional sailor, she was denied visas and was even scammed by an immigration lawyer, forging her experience with immigration laws both in the United States and in Europe.
“They denied me European visas twice, an American visa once, and I was in a Russian national team. I came to Europe for the world championship. How do you deny me a visa? I am 15 years old, coming with my coach and the team, as, what is the logic?” Katie recalled.
Katie was scammed by an immigration lawyer from the United States, an event that challenged her to learn the system and laid the foundations for the company’s base.
“This is how everything began. I arrived in the United States, I paid $ 12,000 to an immigration lawyer just to be ghost. Basically, she simply stopped responding to my emails and phone calls, and I had that self -representative,” he told Bitcoin magazine.
Katie appeared shortly after the sovereign individual book.
“Obviously I read the book many times, specifically the chapter on the end of national states,” Katie explained about the Sovereign individual thesis. “The way they speak is that there will basically be a competition between the states-nation for talent, the fruits of the labor and the capital. Naturally they will compete by providing a better service at a better price, as well as a real capitalist environment.”
“It is accelerating at this time,” he added. “Investment -based migration, that is the way to follow for governments.
However, Bitcoiners have not been easier to recognize or accept their wealth in exchange for citizenship. The bureaucrats who work in embassies often know little, and the legal firms that attend to this market must make a due diligence, often they require proof of funds and bank extracts. But for a long time, Bitcoiner companies have not been able to obtain bank accounts and bitcoiners have closed the accounts when they are suspected of exchanging Bitcoin or crypto.
Throughout most of the history of Bitcoin, banks and governments not only ignored the digital asset and their entrepreneurs (with some exceptions), but actually avoided relations with the industry, partly due to the political pressure of policy programs such as Operation Choke Point.
In fact, Bitcoiners were so little considered that, for example, Tether, the largest stablecoin in the digital currency market, was invented to give the industry a way of protecting and trade in a value in dollars, since access to the banking system was rarely a good option.
This lack of recognition from Legacy Systems created a gap in the market that Katie identified: “I know the weak Bitcoiners points better than anyone in the industry. I know that Bitcoin is better than anyone in the citizenship for the investment industry (CBI), and could provide the bitcoiners with solutions that others could not,” he told Bitcoin magazine.
“All those countries that provide citizenship by investment,” he explained, “they have a very exhaustive due diligence. Therefore, they want to see the source of funds. Bitcoiners come to any other CBI player that is a guy in a suit in his legal office and say:” How, Míne Bitcoin “or” I bought bitcoin in Mtgox “?
“They will be like, Mt-What?” She laughed between teeth. “They will have no idea how to demonstrate the source of funds. Obviously, they just want to see a declaration of financial institution.”
But Bitcoiners often do not have such financial statements, and obtaining them may require the sale of significant amounts of Bitcoin, which triggers a fiscal event in many countries that could drastically increase the costs involved, deterring the bitcoinists of these CBI programs.
To make things worse, the privacy risks faced by bitcoiners are different from those of inherited finances. Bitcoin is not reversible, after all. Bitcoin’s robbery and extortion often lead to one -year investigations that rarely produce results or recover funds. Bitcoin value security is better preserved at the present time since it is not an easy objective objective in the first place, and that means preserving their privacy and minimizing the number of people who know that Bitcoin has at all or how much.
This is very different from the Fiat system, where having some bankers or lawyers knows the balance of their bank account, since they send it by fax among themselves in flat text is not excellent, but it is not a critical threat. Transactions can generally be reversed and in the worst case, their fraud risk departments can print reimbursements to cover the loss of users.
Due to the transparency of Bitcoin, its Bitcoin wealth can be revealed to relative strangers, which can trigger the envy of people and, in the worst case, even lead to cyber security threats or physical attacks in attempts to steal and extort the funds.
To address these risks and the knowledge gap between Bitcoiners, the CBI industry and the relevant government institutions, the Plan B passport built relations with the citizenship units: government officials in jurisdictions with CIB programs. Plan B also launched an innovative program that unlocked a safer route to satisfy fund testing standards for Bitcoiners.
These users would simply have to sign a message with the private keys corresponding to a public address of Bitcoin, which is demonstrated in a way out of chain and cryptographically probably possess the coins in that direction. Checkmsg.org It is an example of such technology. The cryptographic test would be reviewed and signed jointly by a competent institutional partner, an American company or Switzerland, and a financial statement would be issued that citizenship units in specific jurisdictions can work.
“Originally, they were a little worried about this,” he recalled about the initial reactions to the program. “If we talk about four or five years ago, they would say: ‘Well, see it in Fiat and show it.’ Well, whatever. Sovereign individual Thesis: They realize: “There are many bitcoinists who want passports, and it is better that we serve them because that is our money, that is our bread.”
The benefits of having a sophisticated technological approach in an industry that is otherwise very traditional in its tools, differentiating Citizenx and the passport of plan B of its competitors. The merger could raise the quality of the CBI options available for bitcoinists and train Katie to open new markets and launch policy education initiatives in countries that could not know how to serve this market.
“And honestly, that is one of the motivations behind this acquisition. All the sovereign individual movement, I feel that I had to say not many opportunities that I knew they could result in accelerating this movement, simply because I was a single founder, administering the processing department, managing sales, right? Bitcoiners would want to see,” Katie explained.
“So I had to transmit these opportunities. And through this acquisition, I think we enter the space, to the state in which we can really launch those new immigration and lobby initiatives for them in different jurisdictions, only so that those little nations can enter the game, what they have to offer, they carry out what their market price is, and how they can benefit from a city for the city, and that it gives them, and that it does, and that it gives them, Do, and do, and do, and do, and do.
