[alexanderstears]

>Note that before Bitcoin it was impossible to diversify away from all nation-specific risks.

Except for gold and tangible capital. How did Germany get through hyper inflation and Zimbabwe didn't? Germany had a real economy and an industrial base.

A person who owns a tractor owns a tractor regardless of the money printing going on. Sure, the State can seize the tractor but the United States can (and has) seized bitcoins - go tell the folks with bitcoins in the Silk Road that there's no nation specific risk exposure.