Topic: What happens when *WE* are the wealthy elite? (Read 4963 times)

Human nature won't change with Bitcoin. So it is pretty sure that the new Bitcoin elite will use their power and influence to serve themselves in the first place. On the other hand, it is exactly an individual egoism that made progress possible and our lives better overall. This may seem paradoxical and counter-intuitive at first glance, but nevertheless it is so.

Maybe hes afraid of running into a Nice Boat *Whistles*
https://www.youtube.com/watch?v=WIUQ7nwCl1o
https://www.youtube.com/watch?v=YtuAOT_c2EA

What do you have against yachts?

That would be after you satisfy the basic needs in Maslows Hierarchy and feel like moving up to the last stage of it 
Wealthy enough to invest after having all the fun lol.

* Assumes Bitcoin elites would be more benevolent,

* meanwhile there are threads about what you would do if you got rich and most of the answers are "hookers, yachts and blow".

Actually right now we are already working on luminal communication the field of Silicion Photonics is moving ahead pretty rapidly.
Got some neat projects like Li-Fi technologies and replacing Silicon chips with Light communications in our computers so it might be attainable in the 100 year era.
http://en.wikipedia.org/wiki/Li-Fi
http://www.technologyreview.com/news/420082/computing-at-the-speed-of-light/
http://en.wikipedia.org/wiki/Silicon_photonics

Last week, Paniccia’s team demonstrated the first complete photonic communications system made from components fully integrated into silicon chips. Electronic data piped into one chip is converted into laser light that travels down an optical fiber and is transferred back into electrical signals a few fractions of a second later. The system can carry data at a rate of 50 gigabits per second, enough to transfer a full-length HD movie in less than a second.

The silicon photonic chips could replace the electronic connections between a computer’s key components, such as its processors and memory. Copper wiring used today can carry data signals at little more than 10 gigabits per second. That means critical components like the central processing unit and the memory in a server cannot be too far apart, which restricts how computers can be built.

The new Intel setup has four lasers built into its transmitter chip that shine data into a single optical fiber at slightly different wavelengths, or “colors.” Chips with even more lasers should make it possible to communicate at 1,000 gigabits per second.

“Having a chip the size of your fingernail that can deliver a terabit per second changes the way you can think about design,” says Paniccia. Such chips could make a big difference inside the sprawling data centers operated at great expense by Web giants like Google, Microsoft, and Facebook. “Data centers today are big piles of copper–that imposes the limits on how you arrange components inside a server,” Paniccia says.

So yep reality is moving that way at the moment where science fiction will become reality
Also be ready to meet HAL XD

That wouldn't be such a bad either haha.  I'm all about that as long as these technological advancements are beneficial to the masses.  As for subliminal communication that is a very interesting prospect I too would appreciate seeing that developed but seems a little science fiction like at the moment sadly.  But you know what they say reality is stranger than fiction.

I hope they develop science and technology to new forefronts and make space travel and subliminal communication a reality
Perhaps too much to ask in a century but society has come pretty far in the last 100 years.

To think that we will have a utopia of some sort all because of Bitcoin is a bit naive.  The world is still going to be filled with control hungry selfish people with strong ideologies and there will be wars and "rumors of wars" until the end.

But that said, the power might shift into the hands of a few new people thanks to BTC.

I'm hoping the Bitcoin elite will use their power and influcence to better themselves and the society.  Staying away from the ways of the current banking model and overall pyramid scheme like economic model we have had and do currently have.

We don't yet fully understand what the future has prepared for us in respect to Bitcoin and the new "elites". Could anyone, say, in the 18th century ever think or foresee what powers a fiat currency would provide a state with?

Who are the pioneers? Now it is also not particularly cryptocurrency entered our lives. Learned about Bitcoin where in October 2013, many developers forks too. They are also pioneers in comparison with the huge number of people who will benefit from these technologies in 2-3 years

There is a difference - the new "elite" or whatever can not feed off the public like parasites through the destruction of the money system like now.

all animals are equal, but some animals are more equal than others
Depending on the words they choose to say.

Are two lines from an Emery song

Anyway, I asked because I've never seen anyone do that and I don't think it's allowed (hence it's blocked for people with low activity). Because you're circumventing this you might get in trouble. Just a friendly heads-up

Didn't quite understand what you meant to say by "depending on the words they choose to say". Care to explain?

Depending on the words they choose to say.

Edit:

Did you just actually place the commercial in the post, pretending to be a signature? 

Did you read George Orwell's Animal Farm ("all animals are equal, but some animals are more equal than others")?

First of all only a very tiny fraction of today's bitcoiners will become part of a future "wealthy elite". The reason is that the majority will spend or otherwise loose their wealth long before they are rich enough to be truly "elite".

During this process, natural selection will occur: Only people with certain personality traits will keep and increase their wealth. You may speculate on what these traits are...

In the end the new wealthy bitcoin elite - although their political tendencies will differ - will appear to the non-elite mass to be as awful as the current one. Of course I hope that i'm wrong, but history tends to repeat itself (with slight variations on the theme).

Not everything... and not by a long shot. Regardless, they saw more than most. It was a government built by those who distrusted governments, but watered down by those who wanted a central power for themselves. The articles of confederation was a better arrangement.

Kudo to founding fathers who have foreseen everything.