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Topic: Thoughts on Bitcoin and what could happen? (Read 116 times)

hero member
Activity: 1372
Merit: 503
April 03, 2018, 02:17:18 PM
#3
Just my thoughts on if people were to implement more the peer to peer transactions of BTC and other Cryptocurrency to purchase goods and services,
if this went mainstream around the world.

do you think its possible to create these solutions?


1. by eliminated or reduce of FIAT we can get rid or lower the amounts of extreme wealth, from whales, etc billionaires?

2. restart the entire economy from zero, in the numbers aspect

3. create a more equal balance of the use of resources, food, water etc,

4. create less control from governments and corporations to the people,

5. stop the bubble of constant inflation, prices of everything going up, wages same or go down

6. a society where people can work to better themselves and not just be slaves to the working man

7. a somewhat utopia where the people can control things better and a world where people would be more happy

8. a society where people share things with each other and help.

9 a total change in society, even if it means to change the way we live, less materialistic, less consumers


thoughts on this? think this is possible by just a change in acceptance and how wealth is done or distribution of all resources

To me the greatest sector in which cryptocurrency can impact a country is in terms of its economics. with cryptocurrency in tow then there would be opportunities for major corporations even small business alike to have cryptocurrency integrated to them. That means faster transactions, faster process and even direct buying and sellig of items to customers. This also keans that the paper currency has a fall back on and that cryptocurrency would be centralized and not prone to implosion
newbie
Activity: 11
Merit: 1
Just my thoughts on if people were to implement more the peer to peer transactions of BTC and other Cryptocurrency to purchase goods and services,
if this went mainstream around the world.

do you think its possible to create these solutions?


Quote
1. by eliminated or reduce of FIAT we can get rid or lower the amounts of extreme wealth, from whales, etc billionaires?
Don't really see why. What mechanism do you foresee as the enabler for somthing like this?

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2. restart the entire economy from zero, in the numbers aspect
That's never going to happen, you never restart an economy from zero. The closest you can get to that would be carpet-bombing the world back to the middle ages. Even then you'd still have people with more than others that woukd still be a continuation of the current economy.

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3. create a more equal balance of the use of resources, food, water etc,
No. why should it?

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4. create less control from governments and corporations to the people,
In a very small ammount. Law enforcement will still find the way to coerce people. Corporations will continue to excercise control on society same as always
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5. stop the bubble of constant inflation, prices of everything going up, wages same or go down
Most countries arn't suffering from this tbh. It's a fairly "rare and managed" issue this day and age. Bitcoin itself alone can do nothing about this as it's merely a store of value. the economic health of the underlying system is more complex than simply looking at currency.

It would make it much harder for governments to print obscene ammounts of money, prevenring run-away hyper-inflation. again a rare-ish problem.

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6. a society where people can work to better themselves and not just be slaves to the working man
Not sure what you mean here. we live in such a society.

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7. a somewhat utopia where the people can control things better and a world where people would be more happy
Nope, bitcoin does nothing of the kind

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8. a society where people share things with each other and help.
This already happens massively in the human society. Greed and generosity have little to do with the form value is represeneted.

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9 a total change in society, even if it means to change the way we live, less materialistic, less consumers
No. why should that happen because of bitcoin?
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thoughts on this? think this is possible by just a change in acceptance and how wealth is done or distribution of all resources

Why do you think all this? How do you justify all these fundamental changes? Bitcoin is a form of value, not the messiah
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Activity: 512
Merit: 33
The Quest of the Best Information to the Solution
Just my thoughts on if people were to implement more the peer to peer transactions of BTC and other Cryptocurrency to purchase goods and services,
if this went mainstream around the world.

do you think its possible to create these solutions?


1. by eliminated or reduce of FIAT we can get rid or lower the amounts of extreme wealth, from whales, etc billionaires?

2. restart the entire economy from zero, in the numbers aspect

3. create a more equal balance of the use of resources, food, water etc,

4. create less control from governments and corporations to the people,

5. stop the bubble of constant inflation, prices of everything going up, wages same or go down

6. a society where people can work to better themselves and not just be slaves to the working man

7. a somewhat utopia where the people can control things better and a world where people would be more happy

8. a society where people share things with each other and help.

9 a total change in society, even if it means to change the way we live, less materialistic, less consumers


thoughts on this? think this is possible by just a change in acceptance and how wealth is done or distribution of all resources
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