If Bitcoin skyrocketed, what would the future economy that is born look like?

[Meuh6879]

When Bitcoin awake in normally people (real people) ... you will have this result : https://www.youtube.com/watch?v=joITmEr4SjY

No War.
No Tax.
No QE.
No Bank.

[futureofbitcoin]

When Bitcoin awake in normally people (real people) ... you will have this result : https://www.youtube.com/watch?v=joITmEr4SjY

No War.
No Tax.

HAHAHAHAHAHAHAHAHA yeah right.

Bitcoiners need to stop being so delusional. Bitcoin isn't going to solve all of the world's problems. It's not going to solve most of the world's problems. It's going to make a few things better, and that's it. The idea that bitcoin can stop wars is utterly insane, and spewing this kind of garbage is what keeps normal people away from the bitcoin cult.

[jdbtracker]

It's the end of middle men...

All economy, law, society, business is a series of ledgers that are maintained by gatekeepers; Maintainers of public and private records.

Government is a series of books, accounting for the management of Public Funds and their Mandates as dictated by appointed officials... officials offered as a choice by the ruling parties on who will choose for us.

Business is a series of appointments, receipts, transcriptions of the management of production and services, again on a ledger.

Who gets to write what is within these ledgers? What are the criteria? What is it's purpose?

Imagine a world where those who manage are no longer needed, because the trust issue has been resolved. It is an unfortunate truth that Human nature is Taciturn and ma-liable; An unfortunate result of the need for survival, maintaining ego and a myriad of factors apparent in the natural world. But the ledger does not care, it is absolute and unflinching in it's mandate.

This is the Nature of Bitcoin. A Public record of accounting not only of money, but of all records maintained by Humanity.

Imagine a world without Politicians, CEO's, Managers, Clerks, Lawyers... because the ledger is secure and absolute. Because those who control it are not individuals but rules set by the people, maintaining the record of accounts of those who abide and those who do not, all of this public and available to all as soon as it is transcribed... we become the Gatekeepers.

Those who remain are merely Citizens, Providers, Tradespeople, Businesspeople, Protectors, Artists... exchanging their property as they see fit across the planet... a One World Order By the People for the People.

One day I will purchase my Groceries ahead of time, it will be delivered to me; The things I purchase will be mine and those who need to know will know; Art, Intellectual Property, Land will be traded across the planet without dispute, Because the creator and owner is irrefutably recorded in the Ledger of Accounts for All to see called Bitcoin.

I will shake the Hands of my Brothers and Sisters and we will know that we are equals.

[Snorek]

Your question is: "if bitcoin skyrockets". And what if bitcoin won't skyrocket ever again? Don't kid yourself, price is the most important characteristic of bitcoin. Price is reason why people will flock towards bitcoin. For now we know that bitcoin price from late 2013 was artificially manipulated by series of events. For now bitcoin is in stagnation and any positive news are not having any effect on price.

tl;dr With innate volatility of bitcoin building stable future economy is a problem.

[aeno19]

What would the future look like? Its like an empty matrix that can be filled literally anything you can imagine, things beyond business and legal


What would trade be, how would profits and losses be calculated(price volatility) prices.

How would demand change?

What new business models will be created?

In my opinion,
there would be no paper money,
they will use a simple card to make a payment....