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"Encryption reduces the cost of protection and decreases the leverage of violence at scale. This leads to the rise of dissident technology." - Phil Bonello
With the foundations of the our societal structures shifting, and the core dynamics of violent organization under flux, how do we anticipate the changes in the future? Looking at the investment thesis through the lens of “The Sovereign Individual” with an incredible article from Phil Bonello.
Check out the original article at the link below, plus a lot of other great work on his blog:
https://philjbonello.substack.com/p/the-sovereign-individual-investment
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![Read_393 - The Sovereign Individual Investment Thesis [Phil Bonello]](https://episodes.castos.com/6626b866f2af87-36468692/images/1741176/c1a-9mg94-8m6v47z8tgx9-vtgyyx.jpg)