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Topic: Bitcoin past and future (TIC) (Read 855 times)

full member
Activity: 154
Merit: 100
meow
August 11, 2014, 05:42:21 PM
#2
My mind has been blown lol

Does this mean that Bitcoin could be the mark of the beast in the Bible?
legendary
Activity: 3892
Merit: 4331
August 11, 2014, 03:09:10 PM
#1
Consider Fermi's paradox-there should be tens of millions of civilizations in Milky way galaxy alone, yet we have no indication of such civilizations ever existing in the past or today. In particular, some stars in Sun's category (G) and slightly dimmer (K) had existed continuously since 4 billion years BEFORE solar system was born, and we now know that some of the planets around such systems are similar in size and density to Earth.

Consider that bitcoin has a mysterious origin that seemed to bypass everything that was established beforehand. Bitcoin is like invention of the wheel, it had to come up all at once, or never.

Consider that one of the theories of the Great silence (Fermi's paradox) is that there is a Great Filter, which NO civilization has bypassed yet. It is possible that the Great Filter is either behind us (good) or ahead of us (we are doomed).

Consider that either debt-based financial system that is prone to self-desruction OR Bitcoin constitute a Great Filter for further development of our civiliztion.

If financial system is the Great Filter, I would posit, then it would indicate that Bitcoin-like technology NEVER appeared elsewhere or was defeated/circumvented by the debt-based systems. A glimpse of exactly how debt-based system future plays out was already shown in 2008. All you need is another episode, and it's over.

If Bitcoin is the Great Filter, which is less likely in my opinion, then we will see how it will play out in the next 100 years or so. A remote possibility: maybe one of the gigantic Bitfury datacenters will develop self-organization and proceed to accommodate more and more resources toward bitcoin related calculations, shorting the development of civilization as we know it going forward. This is even less likely scenario, in my opinion.
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