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1  Economy / Economics / What should be the Price of Bitcoin in US$ on: March 04, 2014, 08:35:48 PM
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.

2  Other / Politics & Society / Bitcoin and future matrix on: March 01, 2014, 07:35:31 PM
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)

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