Hey guys, thanks for the posts.

I am also trying to express what I think.

I don't know the answer therefore posting it on blogs to get information and perspectives

I believe US $ Bitcoin price should be that of gold for it be financially stable. This way all the traditional economists and value based fundamentals could potentially rationalize bitcoin as universal currency.

Now, The BItcoin price will then start fluctuating based on the usability of bitcoin as currency. Whenever the transaction cost of using anything as currency is absorbed by bitcoin more intrinsic value is added in bitcoin.

ofcourse the price drivers of demand and supply will always be there. for currency its how much do people exchange values in money.

Hi-

Its great that you are trying to promote Bitcoin through T-Shirt. What I don't understand is why wouldn't you make an option to pay by bitcoin?

Please let the forum know.

Ideally I hope majority of people in the forum would like to give preference to sellers who take payment by bitcoin or traditional methods of payment.

Thanks

Sooo many assumptions....

so, first of thanks for responding. this is my first blog and am greatly honored. Always believed it was a scam or too much commercialized. I guess beliefs change


my assumptions are based on what I believe ( of course they change as I get more knowledge, experience and my level of confidence on that topic at a point of time)

My Beliefs are backed by some statistical conclusions, our current understanding of history and speculation.

1st assumption:


- As machines and computer get advanced they will be able to do everything for us. Take care of our physical and mental wants.

speculation based on evolutionary growth from past

- human beings used to cook food and now machines and computers do that. I am sure you can think of many.
- Computer can create human organs, DNA technology
- Chemical can change the feelings we get in our brain- any sort of drugs, medical  and non medical
- computers can drive cars or operate any motors//machines we use


2nd assumption:


Greed in IA

what I am referring is the fact that the evolution is based on MORE or attachment to what one likes. example speed in computers, applications, industrialization etc it also looks at people moving on to do things as per some hierarchy or prioritization. Mars lows law of human wants etc

 also computers so far from what we understand takes inputs processes and then gives output. You can calibrate desired output. When we input AI like anything greed will be part of package.

and as the processing of information will take place I am assuming based on history, greed for power, lust, god, gold as always prevailed. ALso I am not saying that's the end I am saying it will coexist. or atleast will be a factor moving the world.


Finally. now my objective is spread the use of bitcoin. IN my world I am trained to ask why for everything. And it would be helpful for people like to me get a picture of a world after certain years so they can continue to evolve bitcoins.

This will be an evolutionary thread to gather ideas on how bitcoins can be used on all aspects of world. First starting with money and the big question of WHY

Also. I couldn't complete my assumptions, one big one is that the result is humans are still in control of computers. This way everyone is taking this positively.

Hi- I have started this thread to talk about how bitcoin could shape the coming world.

I am a operations and process guy so I am creating a target environment.

Target environment

- As machines and computer get advanced they will be able to do everything for us. Take care of our physical and mental wants. As computers start getting the greed in their AI, they will start the human nature of attachment to feelings it likes.

I am making  Absract from Buddhism that people get attached to feelings. From science so far I take that people do more of what they like so computers will do more of what they like ( ofCourse not all computers will be greedy and not will get attached to one feeling). Then there is now scarcity of power because computers want more and more of it and it passes point where human beings are now challenged by those computers who are greedy and want more power and are acting like anarchists or revolutionaries.

I don't think we need to make assumption of the final out come. However if computers win the final source of power could be humans like in matrix or from planet of apes where human are used like slaves to generate power. ( I may be wrong about generating power in plant of apes but similar concept)