Topic: Bitcoin's Dystopian Future (Read 28237 times)

Dear community! The SIMBA Storage team is pleased to inform you about the registration in Switzerland, Zug!
http://www.sosovms.com/rox/jpn-v-x-bowl-tv-cst1.html

"This is my second experience of opening a company, contributing to the authorized capital not fiat, but BTC - 150,000 CHF. The rate is checked by auditors on the website http://aim-fit.co.jp/jnn/japan-v-xbowl-xx1-nhk-1cgk.php
http://aim-fit.co.jp/jnn/japan-v-xbowl-xx1-nhk-2cgk.php

, now it is more than 16100 Swiss francs for Bitcoin, which means above CHF 150 000. This is good, because I was worried for a whole month while the documents were being processed and I even had to urgently send several documents from Dubai by mail so that they could reach the notary and the registration chamber. Due to the change in the course for the period from October (when I was at the Central Department Store) to November, they asked for an addition.If the price had dropped below 15,000 Francs at the time of viewing the documents, they would have deployed and had to do everything again for another 2 months.

I described my first experience here:

http://www.sosovms.com/rox/jpn-v-x-bowl-tv-cst9.html
At the moment I am at the stage of preparing documents and registering in Liechtenstein, also in Bitki.

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If you take Fiat in electronic form, the convenience and speed of operations with it, then Bitcoin is not capable of this.

Of particular concern is the fact that most owners of bitcoin do not use it as a means of payment for goods. This is inconvenient - if the product is inexpensive. The bulk of Bitcoin investors - they just keep it for speculative operations in the future.

It can bury this cryptocurrency in a race with other means of calculation.

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Bitcoin has exactly the same future as blockchain technology. Let's see what the results will be. There are 2 processes in parallel:

1) Bitcoin covers more and more supporters and capital, is used as a means of payment. This is good, but very slow. Why? Because most owners of Bitcoin use it only as a means of accumulating and storing capital. This is a big problem and it is growing!

2) technologies are developing that can break any cryptography using public and private keys. These technologies are developing very rapidly. The worst thing is that the pace of their development is not predictable. First of all, it is quantum computing, which is given to users, as a service, through the network. Just pay the money and use it. This is problem. This is negative for us.

If you compare the speed of these two processes, then in my opinion, give a short time, and everyone will see the faster pace of development of process No. 2).

And finally, encryption on elliptic curves is probably no longer reliable. But no one ever admits this to us. There are a lot of benefits to those who are silent.

Read carefully my post of December 04, the second on this date, there are only verifiable facts, here:
https://bitcointalk.org/index.php?topic=5204368.40

Perhaps you will be more careful in your views on the future.

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Maybe this is so, but maybe this is a mistake.
If they are watching you, then they will track your IP, your location, yourself.

Watch the news, find everyone they are looking for. Yes, it is a matter of time and effort, a matter of price, and nothing more. And as soon as the user’s IP is installed, your affairs in the blockchain are easily and openly tracked. No, this is imaginary anonymity. Real anonymity is cash on hand.

 People who are forced to observe anonymity, including the anonymity of their capital, generally try not to deal with digital technology. You don’t even see a smartphone near them, the most nonchalant only have push-button phones.
And Bitcoin has anonymity only for the owner, which no one needs.

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Yes, on the one hand, complete anonymity. From the point of view that you yourself did not tell anyone that this is your Bitcoin, and that you bought for this Bitcoin.

I agree.

But what about your IP address?

There is no anonymity on the Internet. Even the users of the TOR browser and the VPN service have learned to track. Where is your anonymity here?

Moreover, in the blockchain chain, not only everything will be recorded that you have done, but there is also absolutely open access to this information.

It remains only to identify you with your wallet. This is not a problem.

Bitcoin has a bright future ahead, experiencing many obstacles in the value of growth, Bitcoin always exists and promotes. Contrary comments will not change Bitcoin towards new heights of technology.

Bitcoin is considered "hard" money. It's powerful and revolutionary. But when I think about other assets like gold or oil, Bitcoin is more like fun money. People bled to get gold. Governments send armies to fight for and protect oil wells. If we were all brainwashed into believing a future of only 21 million coins as money, I agree that would be a dystopia. But humans are not that stupid. I think the future will have a bunch of currencies ranging from centralized to decentralized. Each design has its own tradeoff. I made a diagram to illustrate the possibilities.



This future is pretty exciting for me. It'll be good for Bitcoin too.

I guess it didn't happen yet ... wait another 6 years ... or another 6 years? Kind of like climate change doomsters ...

Yes, I agree a very western, and Libertarian perspective, if this author had only seen 2019, reminds me of the second 'back to future', where everybody had gone retarded.

LEO today is the enemy, BITCOIN is just a racket to fleece stupid people, the US Government is worst than 2013 but now they even spend more money trying to keep humpty-dumpty from falling off the wall.

Let's get real, Western yes, in ASIA nobody gives a hell about BITCOIN, as you can use your mobile phone anywhere in ASIA or AFRICA to buy cigarettes and top-up your mobile cash with real money as you wish at any shop. In ASIA we got fiber-optic internet everywhere, in USA its still 1800's copper wire. In ASIA we have MAG-LEV trains, in the WEST they're still running 1800's rail-roads, trains in Japan are faster than planes in USA, nobody thinks twice about this.

The USA(WEST) has fallen so far behind in the last 10+ years, and nobody in the west has a clue, and nobody in ASIA gives it a second thought, that not everywhere is "FUTURE-WORLD" like old Disneyland Tomorrow-Land.

What made me comment was your comment about the USA perspective, yes it was, but very 2010 or earlier, very early bitcoin libertarian rhetoric, and that shit was killed by the RNC and 'tea-party' that completely destroyed that movement. Now you just have DNC and their professional  liars that are trying to hold the ship together with band-aides so it don't sink. America has fallen so far since the article was written, its hardly applicable anymore. Ahh, I know you got the ORANGE-RETARD, but that's just proof that the USA public went full retard, they vote for what they deserve. The Orange Retarded, looked better than the old-witch, only given the choice of two evils.

In summary, nobody really gives a hell about the USA collapse, and everybody else is doing just fine.

I do say however that if your in the USA, do buy bitcoin, and get the fuck out, before the civil war begins and then return your bitcoin back to real money, and find a nice place to live outside the USA.

The phenomenon that happens is that bitcoin is a capital flight, because it will not can tracked by the state financial authorities where the bitcoin owner lives. This is because bitcoin is anonymous. So on the one hand anonymity is good for bitcoin users, but on the other hand anonymously is misused to hide illegal results.

I see that bitcoin is bringing a better change, besides being a digital currency that reaches the whole world, bitcoin in the regional area also brings change. The changes seen are the implementation of blockchain that uses a decentralized system and peer to peer. Bitcoin indirectly shows how so far many systems are less efficient.

All these predictions are being written from western world perspective. please also consider the other world-developing and less developed world- people have been almost undergoing what you would call dystopian worlds in some parts of the world because of poor policies, greed, exploitation. these have caused suffering to people for a long time. and decentralised currency could be a spark of hope for them??
The world rarely turns out the way the imagine.
I guess AI people will have a much more dystonian outlook than Bitcoin.
i also guess in 1940s, people thought nuclear power would ultimate lead to world destruction in  afew decades. (it could still happen)

Also, just an observation- The Life foundation in the comics, ultimately ended up turning evil despite its noble mission'

We strongly urge brainwashing to believe that a system of lowering inflation can not work because we see the benefits now. Our government is at the level of inflation like Zimbabwe but it's not in the units that you can hold in your hand .... Inflation has been used as a scapegoat at every opportunity of the current failure. Inflation systems are set only because the plan for creating private central banks is devised. There is nothing perfect in this world, but the BTC is perfect. I like to be more optimistic.

Oh.. why the negative and pessimistic view about bitcoin? For sure it’s not perfect, but the benefits sure outweigh any downsides. Maybe you’re just afraid of change? Try to keep an open mind about it. There are lots of benefits to using a cryptocurrency in the future. This article might be helpful:
https://bitcoinexchangeguide.com/2018-cryptocurrency-optimism-outlook-8-future-potential-benefits-list/

I believe that bitcoin will become a digital currency that is very influential in the future, because it has several advantages that fiat money does not have. Transactions with bitcoin eliminate regulations that have made transactions take a long time, eliminate the role of banks that make expensive transactions, and monitoring by the government that always suspects money owners when making transactions. All that is removed by bitcoin.

Everything has its positive and negative sides, but I think that bitcoin is still more good than bad.

We would love to brainwash believe that a deflation system can not work because we have been drilled with / by present benefits. Our Govts are in the level of Zimbabwe inflation but it's not in the units that you can hold in your hand .... Inflation has been used as a scapegoat at every opportunity of the looms. current failure. Inflation systems are only set up because the plan to create private central banks is devised. For example, her retirement is available in prefabricated homes. Like all of us. Maybe. Especially if her retirement fund is friendly, and not just treasury.

Deflation arguments are not guaranteed. Know that I can buy more tomorrow without having to have many nominal terms. The current system is on the brink of collapse. Bailouts, QEs and the fact that govts are pretty much doing this in parity make it a little less visible ... The inflation system is only applied because the central bank system is an independent one. business model needed.

Bitcoin as a capital flight to a level never before seen in history. The people to choose with their feet is much easier than before stepping. People will choose to live in places where security against physical and economic violence is the best. We must achieve a higher quality governance because places with very bad governance experience massive capital flight to make them poor and not very effective. This is a gift that is so little negative value.

In fact, all currency is unstable. But to a varying decree. Once crypto has grown bigger than its current 1993-Internet-like state, a form of price stability can be expected that matches bigger fiat currencies. At much higher prices of course.

In fact, Bitcoin volatility right now can be regarded as less than some fiat currency brothers. Of course, these fiat brothers are the worst in town at the moment but it proofs that fiat currencies are not necessarily stable either. When looking at day to day fluctuations, Bitcoin often has more stable days than major currencies. It is all about scale.

I think Bitcoin has a big chance of becoming the premier ‘numeraire’: http://www.gata.org/node/8303

Who had thought that a few lines of code would compete with (the currencies of) the world’s empires?

I am enjoying every minute of the ride