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Once cryptocurrency is universally used, it won't make sense to keep it as an investment as the price will stabilize. Quick question op, are the Fiat currencies that are universally used stable?. Bitcoin won't give as much ROI as it usually does holding so the only option will be trading just as the fiat currencies are traded between themselves in the forex market, so will bitcoin and other cryptocurrency be traded. That's why bitcoin is the solution, it's decentralized, digital, can be used as an assets also used as a currency at the same time. Stable enough to be trusted to hold a relatively steady value and make transactions with. You're right about bitcoin being the solution to be used as both a currency and an asset. This won't change, but it won't have as much potential as an asset if it's value stops moving so much one day. Its ultimate use lies in buying things with it, which we have yet to witness on a large scale. What I'm trying to say is that this will lead to a digitized future where maybe consumerism and buying things (100-200 years) might not be apart of everyday life.
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I don't believe that the world will become so "digitized" as you describe it.What about the poor countries in the third world?Do you think they will become "digitized"?However,to answer your question about what comes after bitcoin.My answer is...nothing. The blockchain technology might be adopted in various industries,but all cryptocurrencies will become obsolete. I do think the poor countries in the world will also be affected. Satellites will soon make internet access a global "right." https://www.geekwire.com/2018/spacex-gets-set-launch-first-prototype-starlink-satellites-global-internet-access/Why do you think cryptocurrencies will become obsolete? What indicator are you basing this prediction off of?
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Widespread use of cryptocurrency is inevitable. Whether or not it's mainly Bitcoin is irrelevant. BUT, what comes after all of this? We are so focused on crypto's use being an inevitability and speculating on future value to make money when such profit potential will not last. Once cryptocurrency is universally used, it won't make sense to keep it as an investment as the price will stabilize. After the widespread use of crypto is realized, the ultimate representation of how everything has become digitized (even value), the rest of our lives will also have mostly become digitized. Being hooked to computer screens and smartphones will turn into being hooked on perfect simulations in virtual reality where everything is cheap and our minds can theoretically live on indefinitely for next to nothing. Value won't even have to be exchanged for the most part as consumerism will be obsolete. https://en.wikipedia.org/wiki/Digital_immortalityAnyone else question where this will ultimately lead? What do you think?
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You're ahead of the game but not everyone's playing yet which is the main problem.
Cryptocurrency's future ultimately depends on likeminded people interested in using it. Decentralization is reliant on enough people wanting it to happen and it will not happen otherwise!
We vote for these ideals by our actions.
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I think any one country becoming the global "superpower" of AI is unsettling.
As utopian as this sounds, the only way AI's evolution can be a positive thing is if we develop it collectively to create a post-scarcity world. It's the fight for resources in a resource-scarce world that fuel such competition in the first place.
Approaching AI from a competitive angle could end in humans being killed off.
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Moonlighting is the way to go (nights and weekends). Never a good idea to sacrifice your major source of income on what is essentially a hobby. Priorities!
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It appears to be a buzzword that is mostly be associated with FOMO (fear of missing out) in most people's minds, when they don't entirely understand what it even means. They don't want to be known as someone who can't keep up with the times.
BUT, that doesn't mean we should be cynical and ignore projects that are solving legitimate problems when it comes to full acceptance of crypto payments and decentralization across industries. In my opinion, this requires a project to focus on not just integrating blockchain technology into supply chains, but allowing for a whole new economic infrastructure by actually recreating decentralized versions of the same services/methods of product distribution we currently use. In my opinion, this means the project has to be focused on creating a means of transacting without an exchange, as in a distributed exchange network. (The virternity ico is doing this). Also has to be very safe, impossible to hack and easy for anyone to use, not just a crypto geek.
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Yes he's developing the Neuralink but with new technologies come new risks and potential for the immoral to take advantage.
Ultimately, I think it will solve more problems for people than it will create. Technology always does..But nothing is free of risk, unfortunately.
There are ways to mitigate the risk (mostly referring to ability to be controlled/data security) in the coming age of living predominantly virtual lives.
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Depends on the method.
Cryonics, organ regeneration etc. would undoubtedly be extremely expensive.
Virtual immortality is a different story and will likely be accessible to the masses for next to nothing. Healthcare plans would probably prefer people to go this route because it would cost less to them than keeping someone's expensive-to-fix body alive.
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I don't understand how AI could figure that out. You could still have a verified purchase and pay someone to write a fake review. AI can't remind minds...yet.
I guess if any and all payments were done through crypto and on the blockchain maybe AI could figure out if someone associated with fake news payments had made a transaction to someone who made a review.
If there is a will there is always a way though.
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https://cointelegraph.com/news/report-france-accounts-for-minor-part-of-global-ico-market-while-us-leads-the-industry"As the AMF reported, France has accounted for a small share of the market, with 89 million euros ($100 million) raised in 15 ICO projects, while most of ICOs were carried out in the U.S. According to the study, French ICOs amounted to 1.6 percent of global equity financing in 2017." What do you attribute this to? A capitalist culture? Less taxes? I think the most ICO friendly environment will create the most economic progress, as it appears to be turning into the preferred form of funding for companies' evolutions across industries. What do you attribute this to? A capitalist culture? Less taxes? In your opinion, what makes an ICO-friendly environment?
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My all-time favorite entertainment is my line of work. If your work does not entertain you, you're in the wrong business. Other than that, sex, reading, good movies, listening to music, going to plays, PS4, VR, shopping at thrift markets. Life's too short to watch TV.
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Nothing is good or bad. It is what it is.
Some things are just inevitable, and I think this is the case with cryptocurrency.
Digital value has become just as valuable, and sometimes more valuable than physical value. It's also much more scalable and can reach more people because everyone is going to be online in the coming years in one way or another, even in developing countries.
It only makes sense that we exchange this digital value with digital currency.
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From an ideological standpoint, it's for the people. Most "corporations" are just juggernaut middlemen. That's how they earn their bread. Walmart, Amazon, Costco.
People buy from these places because they trust they're getting the lowest price. Once blockchain is mainstream for any and all transactions, you will be able to see the margins because the supply chain will be transparent.
The security thanks to things like escrow systems would make it so that you can skip the middleman and go right to the producer, taking complete monopolistic power away from any one entity and giving more opportunity to the individual.
The future economy will have no "owners" per se, in the form of governments or corporations.
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I don't think there's ever a way to be 100% certain that whatever you're reading is true. Most of life is subjective anyways, in my opinion. There are an infinite amount of ways to interpret the same thing. What's "true" to one person may be complete drivel to someone else. AI would still be programmed by humans with their own agendas..
As the general infrastructure in the technologically advanced world progresses from centralized to decentralized, determining fact from fiction won't be as much of an issue, as the public will have control over what takes place online. It would be a true democracy and people would be rewarded for truth.
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As of right now and in the near future, I feel it already has. It's too convenient to ignore and people trust it thanks to things like user reviews, etc.
Further down the line, I think decentralized global marketplaces (such as the Virternity Project) will eliminate all middlemen. They still take quite a lot of commissions and Amazon sellers don't make as much profit as they could if they were to sell directly to customers.
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All jobs are dangerous. They kill the most precious asset you have-the time left you have on this earth.
"This is your life and it's ending one minute at a time."
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Definitely not a waste of time. As technologically advanced as society now seems, it is still human beings and creative collaboration that is behind the world's progress.
This is what blockchain summits allow. A chance to meet face-to-face with others and achieve a broader understanding of what this all means!
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The same technology we need right now. Things that improve the human condition in all sizes, shapes and forms.
This means we need solutions for scarcity and physical degeneration. Fix these two things and the majority of mankind's problems are solved.
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