# Crypto and the Federal Government > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [539]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2025-06-03 (YouTube upload date), https://www.youtube.com/watch?v=dJK7TBNAJuI. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Ties the ledger layer to state functions in SCIM. - Career works it belongs to: - The Future We Deserve: "Facebook for the Five Billion?" (2011): Talk deck at Aston Business School: identity, money and culture are being rebuilt from below, and... (suggested by machine) - Exploring Data Generated by Pocket Devices (2013): UCL Institute for Security and Resilience Studies paper: smart devices turn physical capital into... (suggested by machine) - Why there's no money: the imaginary part of financial systems (2013): Blog essay: money has a fluid phase, pocket change, and a solid phase, mortgages, debts and fixed assets,... (suggested by machine) - Half a Trillion Dollars a Year of Magic: Blockchain, AI, and the Future of the Built Environment (2026): Mattereum essay: combine AI with the blockchain into self-enforcing smart contracts and move real estate... (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut... (through a work suggested by machine) - Topics: Bitcoin, libertarianism & the state (100%) - Distinctive terms here, against the whole archive: property register (1 here; 6 sources in all, earliest dated 2018) - Importance: core-text score 0.09 (1.00 is the top), number 628 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [549] [Bearer Assets and Synthetic Jurisdictions (2024)](https://guptaoption.com/texts/549.md); [548] [Blockchain Standardization and Interoperability (2024)](https://guptaoption.com/texts/548.md); [546] [Marrying the Real and the Cryptographic world together (2024)](https://guptaoption.com/texts/546.md) - On the same works, just after: [529] [Governance On-Chain (2025)](https://guptaoption.com/texts/529.md); [530] [Transforming Real Estate (2025)](https://guptaoption.com/texts/530.md); [534] [Real Estate is Next for Digitization (2025)](https://guptaoption.com/texts/534.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: Crypto and the Federal Government, video, 2025-06-03, https://www.youtube.com/watch?v=dJK7TBNAJuI; in Vinay Gupta's archive at guptaoption.com, source [539], https://guptaoption.com/texts/539.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=dJK7TBNAJuI&t=0s) Who owns what piece of property where is one of the functions of the societal consensus that allows the state to emerge. Right? So in some places particularly places that have very strong central government, a lot of centralization, a lot of power mongering at the state center, they take ownership of the property register and they take ownership of the issuance of the currency and that's how it runs. But that arrangement's only been there since 197 something because prior to that, the government could not control currency issuance. If they didn't have gold, they couldn't print currency. So all of these checks and balances, the current American system is one of 50 possible systems. And it is not the system that we should look at as being the beall and end all of crypto. that the the awkward relationship between crypto and the federal government right now um is bad for crypto probably in the long run bad for the federal government and it doesn't lead us towards a more free society. It might be a temporary marriage of convenience between us and them on some critical areas. It might be necessary but it does not have freedom as its end state. And if we're not building crypto to free people, there is no better technology for enslaving them. You kind of have two choices with crypto. It's either total freedom or you dox every single person and every transaction they make is totally transparent for the rest of their lives and you wind up in this kind of participatory panopticon society which nobody wants. --- End of [539] Crypto and the Federal Government. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [529](https://guptaoption.com/texts/529.md) Governance On-Chain (2025); his whole career in one file, https://guptaoption.com/story.md.