Bitcoin is a sovereign, in the great tradition of the Most Serene Venetian Republic. The United States is not a sovereign. Not anymore. Nor is any single European nation, nor their bankrupt economico-political superstructure. Nor is any other nation. China is not sovereign, Russia is not sovereign, nor Malta. Bitcoin, and Bitcoin alone is sovereign. The implications of this, of course, are so far reaching as to be readily left as an exercise to the reader.