Alex Recouso：資金能跨境，人為何還需要通行許可？

0:00開場

0:00在座各位都可以用加密貨幣在我講完這句話之前把 100 萬美元送到地球另一端。但你不能自由移動。Crypto 解決了資本 mobility，人的 mobility 仍要 permission。我是 Alex Recouso，過去五年在 CitizenX 打造最容易分散護照組合的方式。Anyone here can use cryptocurrencies to send $1 million across the planet before I finish this sentence. But you can't move freely. Crypto solved capital mobility. Human mobility still requires permission. I'm Alex Recouso, and for the past five years at CitizenX, I have created the easiest way to diversify your passport portfolio.

0:34沒有 serious investor 會把 100% 財富押在單一資產，但 somehow 多數人仍把 mobility options 綁在單一 jurisdiction。在你 sovereign stack 各元素（公民身分、居留、visa）裡，護照對 mobility、stability、optionality 最關鍵。Because no serious investor holds 100% of their wealth in one asset, but for some reason, somehow, most people still leave their mobility options tied to a single jurisdiction. From all the elements of your sovereign stack—your citizenships, residencies, your visas—your passport is the most critical one for your mobility, your stability, and your optionality.

1:07Balaji 說 cash is king，passport is queen。cash 因 liquidity 有 premium，護照給你 mobility。護照的 optionality 不只關乎去哪旅行、工作，甚至居住，而是你能不能離開。Balaji says that cash is king, but passport is queen. The same way cash carries a premium because of its liquidity, your passport gives you mobility. And this optionality that your passport gives you, it's not just about where you can travel, where you can work, not even where you can live, but whether you can leave.

1:31離開權與護照組合

1:31歷史上最糟的國家會剝奪離開權。納粹、蘇聯、古巴、北韓不讓你離開。敵對階級、敵對種族先被 debank，再被 denaturalize，最糟是直接被殺。The worst states in history revoked the human right to exit. The Nazis, the Soviets, the Cubans, the North Koreans, they didn't allow you to leave. The enemy classes and enemy races were first debanked and then denaturalized, at best.

1:50所以離開權是制約國家權力的關鍵：人用錢包和腳投票。這種個人力量與自由創造 ultimate optionality。At worst, they were simply murdered. That's why the right to exit is what keeps state power in check: people voting with their wallet and with their feet. It's this individual power and this individual freedom that creates our ultimate optionality.

2:15主權貨幣與多重公民身分是保護個人自由的 ultimate hedge。這些個人自由透過 network 聚合，能造成 big changes。online network 現在 shaping state policy。這是 network diplomacy。Sovereign money and multiple citizenships are our ultimate hedge to protect our individual freedoms. And it's these individual freedoms that, aggregated through networks, are capable of big changes. Online networks now shape state policy. Here's some network diplomacy.

2:392022 年 CitizenX CMO Katie Ananina 寫公開信給 El Salvador 總統 Nayib Bukele，提 Bitcoiners 新護照計畫。El Salvador 現可透過 100 萬美元 Bitcoin 捐贈取得公民身分。In 2022, our CitizenX CMO, Katie Ananina, wrote an open letter to the president of El Salvador, Nayib Bukele, proposing a new passport program for Bitcoiners. El Salvador now offers citizenship through a $1 million Bitcoin donation.

2:58網路外交與比特幣護照

2:58無語言要求、無 visit 要求，pure Bitcoin alignment。也展示 nation-state 如何透過發公民身分募資、累積 Bitcoin。El Salvador 現在是 Bitcoin network 加持的小國，CitizenX 已在把這類 program 帶到其他國家，吸引 global network 的 capital 和 talent。No language requirements, no visit requirements, just pure Bitcoin alignment. Also showing how nation-states can raise funding and accumulate Bitcoin by issuing citizenship. El Salvador is now a small state powered up by the Bitcoin network, and at CitizenX, we are already working to bring these types of programs to other countries around the world so they can also attract capital and talent from global networks.

3:30現在比以往各國更 compete mobile capital 和 talent，像 startup compete funding 和 engineer。歷史上多數時候公民身分是出生 accident。Now more than ever before, countries are competing for mobile capital and talent, very much like startups compete for funding and engineers. For most of history, your citizenship was an accident determined by where you were born.

3:46但今天更多人有可能去 sovereignty 尊重自由的地方。CitizenX 在做的事：幫像你這樣的人安全、無縫取得額外公民身分、第二本護照，也幫 forward-looking sovereign 設計 network 為 network 設計的更好護照 program。But today, more of us have the possibility to go where sovereignty respects our freedom. That's what we are doing at CitizenX: helping people like you acquire additional citizenships, second passports, in a safe, secure, and seamless way, and helping forward-looking sovereigns to create better passport programs designed by the network for the network.

4:13所以 deep think 不只 capital allocation，還有 citizenship location。你和家人未來 100 年要在哪享受 safety、privacy、freedom？謝謝。So think deeply, not just about the allocation of your capital, but the location of your citizenships. Where are you and your family going to enjoy safety, privacy, and freedom for the next 100 years? Thank you.