© Richard Macatiag Donovan 2021
Democratization, or democratisation, is the transition to a more democratic political regime, including substantive political changes moving in a democratic direction. It may be the transition from an authoritarian regime to a full democracy, a transition from an authoritarian political system to a semi-democracy or transition from a semi-authoritarian political system to a democratic political system. - Wikipedia

Having spent some time (6 months) reading and learning and studying blockchain technology and working with cryptocurrencies, designing dApps and developing theories on artistic educational innovations for the entire crypto space environment and multiple ecosystems, it dawned on me to launch an opening article on this platform of like minded cryptocurrency enthusiasts, that not only gave insight to this thinkspace, also a deeper understanding and grasp of what; blockchain, bitcoin, cryptocurrency and more so decentralization, actually means relative to netizens and those whose access to the internet and it’s sub networks is quite limited.
Disclaimer
I am no expert, nor am I, A.) Legal Advisory and B.) Financial Advisory C.) Billionaire Tycoon with expertise pertaining to wealth accumulation. This Is a highly recommended disclaimer for all who partake in the P2P exchange of; educational information, knowledge, and wisdom regarding the aforementioned in paragraph 1.

What is cryptospace? This subspace offshoot of the internet which the pioneers of cryptocurrency have laid claim as if planting a flag of intercontinental conquest through colonisation, it is a truly democratic non bias Utopia of Cyberspace, as Cyberspace is now bias, and heavily corrupted by falsehoods and authoritative information control, and has become more of a Dystopia adverse to our wishes as a greater global collective consciousness, agree or disagree this is actually a fact.

“We exist without nationality, skin color, or religious bias.” - Agent Bob, Hackers (Movie) 1995

In the movie hackers, cipher punks; coders/programmers and internet geeks were portrayed in a way that display anti-establishmentarian dissidence, in a way a righteous anarchy of non compliance to codes of ethnicity (traditions, cultures, colours, race, or religion), laws of society, limitations on what we can and cannot do based on the system of authority’s dictatorship over us as citizens. Part of this is true, however not everyone who writes programming code, or builds websites or even uses Linux, can “hack” or would even consider themselves as "hackers", now there is this new era of would be cipher punks, and cyber scammer offshoots who would fall in between class structures assigned from to top tier down through to intermediate and or novice skill sets with relation to expanding the capabilities of the world wide web. As stated I’m an enthusiast, the days of Telnet and cheap and nasty exploits or “nuking” bad websites, people and organisations off the digital grid avoiding detection are done, however the new breed are fueled by; disdain, greed, loathing, and somewhat overly corrupted by hate, (of the wealthy, the popular, the multi-national, the capitalist machine, to list a few) which has lead to the Decline of the Internet and the Ascension of blockchain networks utilizing the internet substructure to exist.

If this were by historic definition about empire building then this would be the Decline of the Internet Empire and the Rise Of The Democratized Utopian Blockchain Empires.

Utopia: A place, state or condition that is ideally perfect in respect of; politics, laws, customs, and conditions. This does not mean that the people are perfect, but [rather] the system is perfect. - Utopias and Dystopias: Definitions and Characteristics from ReadWriteThink.org

Given that data deployed to live on the blockchain is immutable, code and data must be near perfect upon deployment. For anyone interested in becoming involved in cryptospace it is highly advisable to read Master Satoshi Nakamoto’s Bitcoin Whitepaper, it’s very small and easy to ready and understand. (found here: https://nakamotoinstitute.org/bitcoin/).

What is Bitcoin Blockchain?

“A purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network.” Satoshi Nakamoto; Bitcoin Whitepaper Abstract.

Unsure of the attention span of some, so will attempt to keep these articles minimal, and just state that there will be references to writings which outline the non-requirement of 3rd parties in this the P2P network of cryptocurrency multi-chains, directly relating to an internet paper titled DeFi-nightly Do Not Need 3rd Parties. This being said, before the thought that DeFi Exchanges are 3rd Party organisations, we need the exchanges, they are our intermediaries to both the DeFi market and translating crypto back to local or international fiat, however on a truly Peer 2 Peer stance once one is in possession of crypto, they can IRT (In Real Time) make Tx’s (transactions) and conduct business on blockchains and in the crypto space without need thereof. Which is a wonderful thing, for this reason, and this reason alone, we have the situation which has arisen, was destined to arise and is now looming, which is the issue of tax. How does/and do the world governments get their cut of the cryptocurrency pie?

The Utopian Imagination: Utopian thought has a certain number of recurring traits and in general presents itself in the form of an urban utopia, an ideal city. It explicitly or implicitly makes reference to one conception of social justice among the many forms this concept can take. - Utopia, Equality and Liberty: The impossible ideal, Jean-Marie Huriot | Lise Bourdeau-Lepage

“Utopia, Equity and Liberty”, So we established a state of internationally decentralized democratization and now it is somewhat threatened by the onset of taxation, is this a bad thing? On one hand not so much so, and on the other hand depending on what’s in your hands when it is applicable, most definitely a threat to personal wealth accumulation.

Let’s backtrack to the benefits of cryptocurrency regarding the underprivileged, third world, and just keep in mind what Master Satoshi intended with Bitcoin as provision of a means of global distribution of wealth regardless of socio-economic and financial background/s.

Cryptocurrency is the way forward, it is in our foreseeable not so distant future, being now a part of the triple helix interconnecting; The Stock Market and Foreign Exchange, successfully merged almost seamlessly.

What benefit to the Third World does crypto have? It is, simply put, access to a means of wealth accumulation and means of saving, that most Third World Citizens just don’t have! On average people of the Third World do not have access to or the means of creating bank accounts, which in most developed countries is statistically higher by at least ⅓ of the population density, comparatively per capita. So in the instance per million for every 100M citizens of the Third World, 25M people may have bank accounts, and the means to create one, at bare minimum in relation to gross population size, where as in developed countries of 100M citizens this would be the opposite, given that most major corporate, government and multinational employers in developed countries will open bank accounts on behalf of their employees should they lack one upon commencement of employment. That is the major impacting reason. Banking and finance from the palm of your hand, as long as there is internet access and access to a device to access it, anyone can start saving money, and break the cycle of poverty from where it stems most those who reside beneath "the poverty line".

What impact does current American Presidential Elect: Joe Biden’s announcement and proposed tax hike from 20% on every million dollar/s worth of investment assets, with relation to cryptocurrency, up to 43.2% which is double and a little bit more, have on bitcoiners, and cryptoers?

It is a way of levelling out the playing field and forcing the hands of the already wealthy to either pay an exaggerated amount of tax on their accumulated profits and gains or sell up in parts and lessen their shares and stake in the industry. The chances of millions of millionaires being created from cryptocurrency investment and shareholders thus increases and this imaginary international taxation (boogie)man then figures out a way to make money from them but on their way to that million as opposed to after the fact, this is actually very basic computation, between direct P2P off an exchange there is no need, or means of tracking for taxation purposes, on the exchange given that exchanges need to pay for; licenses to operate, taxation fees and government duties to function for our benefit, we must pay tax on the retrieval of these funds accumulated on their platforms, that is a no-brainer, to complain of such things, aside from being ridiculous, would indicate lack thereof, the basics of compliance and interaction with the DeFi P2P networks. It should not need mention however failure to do so will definitely bring scrutiny, so suffice to say that this introduction of taxing the already mega rich will open the market up for more people to buy in on lower scales and give opportunity for mass adoption by the general population the world over and not just the 1% wealthy.

"...we need a 'floating but anchored' conception of democracy, and that democratization is best understood as a long-term process of social construction." - Oxford Studies in Democratization Laurence Whitehead

Pt. 1.2 coming soon.
Here is a link to a folder in my library All Things Blockchain, updated weekly with new PDFs on blockchain developments worldwide. 
https://drive.google.com/drive/folders/1HlWvFXMfEe6dbOEhqT9Ss8H5bZISmD6n?usp=sharing