what will come after cryptocurrencies?

[kokjo]

first: bitcoin is grate and it will be used for a long long time, this is not a critic of bitcoin.

first we had simple trading of goods: "if i give you 1 fish, you give me 2 apples".
then we had investments(i think...): "if you give me 2 apples now, i will give you a fish tomorrow".
then we had store of value: "this piece of gold, even if it does not have any intrinsic value, can be traded for one or more fish".
and then paper money: "this piece of paper can be traded for gold".
after that you was forced to use paper money, as fiat: "you are forced to accept fiat as payment".
and finally bitcoin: "reverting back to digital gold".

so i think bitcoin will become obsolete at some point in the future.
what will come next?

[1713583516]

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[1713583516]

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[Ekaros]

Back to trading

[JimmiesForBitcoins]

Various forms of energy. Remember: Energy can be neither created by anything that we're aware of, nor destroyed. (Fixed amount.) It can only change forms. (Exchange.) Acquiring energy requires real work. (Mining.) Every time energy changes forms, some of the energy is lost. (Transaction fees.) Energy is impossible to counterfeit.

And when you're in a space ship orbiting Jupiter... You need fuel cells, damn it.

https://i.imgur.com/KfXBVOg.gif

It will be called Watt Harvesting. You heard it here first.

[Ekaros]

Various forms of energy. Remember: Energy can be neither created by anything that we're aware of, nor destroyed. (Fixed amount.) It can only change forms. (Exchange.) Acquiring energy requires real work. (Mining.) Every time energy changes forms, some of the energy is lost. (Transaction fees.) Energy is impossible to counterfeit.

And when you're in a space ship orbiting Jupiter... You need fuel cells, damn it.

-SNIP-

It will be called Watt Harvesting. You heard it here first.

I have considered that Energy is one and only true currency. Everything is energy or energy is spend to create it. As such everything could be valued in Energy. In real world it's very complex. But it's possible...

[cypher-punk]

first: bitcoin is grate and it will be used for a long long time, this is not a critic of bitcoin.

first we had simple trading of goods: "if i give you 1 fish, you give me 2 apples".
then we had investments(i think...): "if you give me 2 apples now, i will give you a fish tomorrow".
then we had store of value: "this piece of gold, even if it does not have any intrinsic value, can be traded for one or more fish".
and then paper money: "this piece of paper can be traded for gold".
after that you was forced to use paper money, as fiat: "you are forced to accept fiat as payment".
and finally bitcoin: "reverting back to digital gold".

so i think bitcoin will become obsolete at some point in the future.
what will come next?

Aint no such thing as digital gold. Sounds like feces perfume.

[herzmeister]

first: bitcoin is grate and it will be used for a long long time, this is not a critic of bitcoin.

first we had simple trading of goods: "if i give you 1 fish, you give me 2 apples".
then we had investments(i think...): "if you give me 2 apples now, i will give you a fish tomorrow".
then we had store of value: "this piece of gold, even if it does not have any intrinsic value, can be traded for one or more fish".
and then paper money: "this piece of paper can be traded for gold".
after that you was forced to use paper money, as fiat: "you are forced to accept fiat as payment".
and finally bitcoin: "reverting back to digital gold".

so i think bitcoin will become obsolete at some point in the future.
what will come next?

actually, that is not quite true. Gift economies, obligations in communities, aka forms of promises or debt, came before barter. Read http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years  
  
But other than that, what is the future?

I think instead of currency, we can have whole marketplaces and economies that run over P2P networks.

This allows a currency to have stable (i.e. non-speculative) value as it can be pegged to the economic power ("GDP") of its network.

Or maybe this abolishes the concept of a currency at all. All assets, be it raw material like oil or services like an hour of your expert programming, can be traded directly in that marketplace, maybe weighed against certain basket of goods standards.

[cypher-punk]

Currency is important but not central to the economic system. The more poignant question to ask is:


What will come after fucking capitalism ?

[Akka]

Currency is important but not central to the economic system. The more poignat question to ask is:


What will come after fucking capitalism ?

If you mean what we currently have, I for one hope that capitalism comes after that.

[kokjo]

first: bitcoin is grate and it will be used for a long long time, this is not a critic of bitcoin.

first we had simple trading of goods: "if i give you 1 fish, you give me 2 apples".
then we had investments(i think...): "if you give me 2 apples now, i will give you a fish tomorrow".
then we had store of value: "this piece of gold, even if it does not have any intrinsic value, can be traded for one or more fish".
and then paper money: "this piece of paper can be traded for gold".
after that you was forced to use paper money, as fiat: "you are forced to accept fiat as payment".
and finally bitcoin: "reverting back to digital gold".

so i think bitcoin will become obsolete at some point in the future.
what will come next?

actually, that is not quite true. Gift economies, obligations in communities, aka forms of promises or debt, came before barter. Read http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years  

Might be true, but not the point. The point is: things change. Even if im fucked in my understanding of stone age history.

[Rassah]

I vote for energy, too. When 3D printing and physics technology progresses to the point where you can convert matter to energy, and then energy back to matter, energy will be the only thing anyone will need and will have to trade for.

Though I may be missing an intermediate step between Bitcoin and that, since we're still quite a bit away from the whole matter<>energy thing.

[Akka]

I vote for energy, too. When 3D printing and physics technology progresses to the point where you can convert matter to energy, and then energy back to matter, energy will be the only thing anyone will need and will have to trade for.

Though I may be missing an intermediate step between Bitcoin and that, since we're still quite a bit away from the whole matter<>energy thing.

When energy will be everything that I need, what should I trade for energy then?

[Rassah]

I vote for energy, too. When 3D printing and physics technology progresses to the point where you can convert matter to energy, and then energy back to matter, energy will be the only thing anyone will need and will have to trade for.

Though I may be missing an intermediate step between Bitcoin and that, since we're still quite a bit away from the whole matter<>energy thing.

When energy will be everything that I need, what should I trade for energy then?

What most people trade for money how: thinking/ideas.

[phantastisch]

The answer is clear : Cryptopets. You heard it here first.

[wachtwoord]

I vote for energy, too. When 3D printing and physics technology progresses to the point where you can convert matter to energy, and then energy back to matter, energy will be the only thing anyone will need and will have to trade for.

Though I may be missing an intermediate step between Bitcoin and that, since we're still quite a bit away from the whole matter<>energy thing.

I think energy is the likely endgame as well. However, there is still so much we don't know about physics that it's impossible to answer. I think our understanding of what energy is, is comparable to a caveman's understanding of fire.

[(A)social]

And when you're in a space ship orbiting Jupiter... You need fuel cells, damn it.

food cells, doh!

[JimmiesForBitcoins]

What will come after fucking capitalism ?

Nothing. Because capitalism is human nature. It is the natural default, like sex, eating, breathing, and sleeping. If you want to eliminate capitalism, then you'll have to eliminate society altogether. Good luck with that.

[myrkul]

What will come after fucking capitalism ?

If you mean what we currently have, I for one hope that capitalism comes after that.

+1

[jubalix]

What will come after fucking capitalism ?

If you mean what we currently have, I for one hope that capitalism comes after that.

+1

[myrkul]

What will come after fucking capitalism ?

If you mean what we currently have, I for one hope that capitalism comes after that.

+1

LOL... well played.

[cypher-punk]

What will come after fucking capitalism ?

Nothing. Because capitalism is human nature. It is the natural default, like sex, eating, breathing, and sleeping. If you want to eliminate capitalism, then you'll have to eliminate society altogether. Good luck with that.

Oh yeah, end of history. You sound like a dumbass Greenspan or Bernanke.

[JimmiesForBitcoins]

What will come after fucking capitalism ?

Nothing. Because capitalism is human nature. It is the natural default, like sex, eating, breathing, and sleeping. If you want to eliminate capitalism, then you'll have to eliminate society altogether. Good luck with that.

Oh yeah, end of history. You sound like a dumbass Greenspan or Bernanke.

Right. Because centralized banking is so capitalism.

[Twerka]

What will come after fucking capitalism ?

Nothing. Because capitalism is human nature. It is the natural default, like sex, eating, breathing, and sleeping. If you want to eliminate capitalism, then you'll have to eliminate society altogether. Good luck with that.

  How much they pay you to say that?

[JimmiesForBitcoins]

What will come after fucking capitalism ?

Nothing. Because capitalism is human nature. It is the natural default, like sex, eating, breathing, and sleeping. If you want to eliminate capitalism, then you'll have to eliminate society altogether. Good luck with that.

  How much they pay you to say that?

I wish they'd pay me to say it. I'd capitalize on that so fast, you don't even know.

[SamuelSG]

What will come after fucking capitalism ?

Nothing. Because capitalism is human nature. It is the natural default, like sex, eating, breathing, and sleeping. If you want to eliminate capitalism, then you'll have to eliminate society altogether. Good luck with that.

  How much they pay you to say that?

I wish they'd pay me to say it. I'd capitalize on that so fast, you don't even know.

I hereby give you one Al Gore created internets, use it wisely, for they are quite rare.

[JimmiesForBitcoins]

What will come after fucking capitalism ?

Nothing. Because capitalism is human nature. It is the natural default, like sex, eating, breathing, and sleeping. If you want to eliminate capitalism, then you'll have to eliminate society altogether. Good luck with that.

  How much they pay you to say that?

I wish they'd pay me to say it. I'd capitalize on that so fast, you don't even know.

I hereby give you one Al Gore created internets, use it wisely, for they are quite rare.

Thank you. I shall put a string through it and wear it proudly.

[fivemileshigh]

The problem with energy is that it's plentiful, and we get better and better at creating it. A currency should be scarce afaik. Interesting thoughts anyway.

[Jobe7]

The problem with energy is that it's plentiful, and we get better and better at creating it. A currency should be scarce afaik. Interesting thoughts anyway.

you're thinking of 'energy of today'.

Unless of course you have an insight into what types of energy will be used in the near/far future and with that insight you already know what planets and asteroid bodies will contain such energy, and that you know of the locations these planetoids and asteroids (and probably stars) and that they'll contain such energy sources in plentiful supply.

I'm going to guess that you don't actually know this stuff.

My thoughts is also with energy at the 'top of the food chain', but that a huge mixture of different currencies will exist underneath this.

[myrkul]

No, energy is pretty plentiful. And we do keep getting better at collecting it. But it's still a scarce resource, and one fairly ideally suited to use as a currency.

[Ekaros]

The problem with energy is that it's plentiful, and we get better and better at creating it. A currency should be scarce afaik. Interesting thoughts anyway.

There is no need for scarcity. If there is plentiful amount of energy, there is sufficient amount of everything else.  And really energy will be scarce and have value for long time, quantities will just change.

Energy is something which you can gain anything with.

[Rassah]

The problem with energy is that it's plentiful, and we get better and better at creating it. A currency should be scarce afaik. Interesting thoughts anyway.

Note that the issue with energy is actually extracting it, and that the easier it gets, the more I guess "futuristic" our economy becomes. We pay way less energy to get food and high-tech gadgets now than we did 100 years ago. Once we have enormous amounts of plentiful energy compared to what we have now, we'll no doubt have some technologies and quality of life we can't even dream of right now, but we will still have energy scarcity to "pay" for those incredible things we'll have. (e.g. you're currently not paying for energy to transport stuff between planets, because it's stupid-expensive. In the future, despite millions of watts of energy being possibly cheap, you would still need to spend billions of it to transport stuff across space).

[JimmiesForBitcoins]

Energy is technically a commodity. It has a practical use outside of just as a medium of trade. We need it for stuff. Lots and lots of stuff. So although energy supply will increase, energy demand will also exponentially increase. Perhaps even outpacing supply. New technologies, ever multiplying population of humanity, etc. The only kink in that idea is if someone manages to find a way to harness the theoretical Zero Point energy. Then other means of exchange will rise in popularity.

[Elwar]

If Bitcoin is like reverting back to digital gold, then perhaps the next thing will be a digital version of trading a fish for two apples.

[Rassah]

If Bitcoin is like reverting back to digital gold, then perhaps the next thing will be a digital version of trading a fish for two apples.

I'll trade you some fish paste for a jar of your apple sauce, and we can use our 3D printers to print out fish sticks and apple slices.

[myrkul]

If Bitcoin is like reverting back to digital gold, then perhaps the next thing will be a digital version of trading a fish for two apples.

I'll trade you some fish paste for a jar of your apple sauce, and we can use our 3D printers to print out fish sticks and apple slices.

I'll trade you some carbon and nitrogen for your sulfur, hydrogen, and oxygen, and we can both print out whatever we want.

[Ekaros]

If Bitcoin is like reverting back to digital gold, then perhaps the next thing will be a digital version of trading a fish for two apples.

I'll trade you some fish paste for a jar of your apple sauce, and we can use our 3D printers to print out fish sticks and apple slices.

I'll trade you some carbon and nitrogen for your sulfur, hydrogen, and oxygen, and we can both print out whatever we want.

I'll trade you unlimited rights to hydrogen, relatively nearby. I accept anything in return...

[autodidactic]

When a free-market is employed history has shown us that prosperity rises. It's the exchange of goods that leads to prosperity. It's an incentive to do less physical labor. Ultimately should a free-market exist without any kinds of interventions. I would argue that physical labor will become highly reduced.