Are you familiar with the original vision of the Paypal founder before reality (and eBay) took over?
People in all countries can protect themselves from the loss of value incurred with their paper money.
Topic: In which way bitcoin can change the future？ - page 3. (Read 4512 times)
Bitcoin has already had a big impact, the future will be amazing.
Are you familiar with the original vision of the Paypal founder before reality (and eBay) took over?
People in all countries can protect themselves from the loss of value incurred with their paper money.
Are you familiar with the original vision of the Paypal founder before reality (and eBay) took over?
People in all countries can protect themselves from the loss of value incurred with their paper money.
With reference to a number of great posts above, with bitcoin it would also take half the time to develop faster than light speed travel technologies, as compared to the present scheme with middlemen leaching a few percent from every other transaction.
Neal Stephenson introduced an interesting idea of 'phyles' in his book Diamond Age:
http://en.wikipedia.org/wiki/The_Diamond_Age
These are effectively economic tribes.
I could see 'bitcoin users' becoming a phyle.
Say I go on a trip to New Zealand for 3 months and rent my accommodation from a 'bitcoiner'. Then I hire a car off another 'bitcoiner'.
Effectively we have all joined one international like minded phyle. There is money changing hands, but no pounds, euros or dollars.
http://en.wikipedia.org/wiki/The_Diamond_Age
These are effectively economic tribes.
I could see 'bitcoin users' becoming a phyle.
Say I go on a trip to New Zealand for 3 months and rent my accommodation from a 'bitcoiner'. Then I hire a car off another 'bitcoiner'.
Effectively we have all joined one international like minded phyle. There is money changing hands, but no pounds, euros or dollars.
If everyone used Bitcoins instead of printable dollars, then wars would be less common.
Wars are funded mainly from printed currency.
Wars are funded mainly from printed currency.
Being able to donate to organizations like Wikileaks without corporate interference is a good start.
In general terms, I would summarize Bitcoin's trajectory as starting with 'wholesome subversion' and ending with plain 'wholesome'.
In general terms, I would summarize Bitcoin's trajectory as starting with 'wholesome subversion' and ending with plain 'wholesome'.
commoditization of (international) money transfers
Basically, markets will be freer (much government meddling becomes impossible), resulting in greater economic growth, innovation, technology, quality of life, etc.
First and foremost, it allows frictionless transactions. It cuts out a number of middlemen by making them redundant - thus the transaction is more efficient. This means the wealth of mankind grows faster.
It needs a lot of imaginations to look forward into the future when it comes to such a revolutionary innovation as bitcoin.
What do you think?
In which way bitcoin can change the future, and how?
Amuse us! please.
What do you think?
In which way bitcoin can change the future, and how?
Amuse us! please.
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