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what will come after cryptocurrencies?
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Topic: what will come after cryptocurrencies? (Read 2259 times)
kokjo
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You are WRONG!
what will come after cryptocurrencies?
April 15, 2013, 10:22:22 AM
#1
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?
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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Ekaros
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Re: what will come after cryptocurrencies?
April 15, 2013, 10:32:41 AM
#2
Back to trading
12pA5nZB5AoXZaaEeoxh5bNqUGXwUUp3Uv
http://firstbits.com/1qdiz
Feel free to help poor student!
JimmiesForBitcoins
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Re: what will come after cryptocurrencies?
April 15, 2013, 10:49:26 AM
#3
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
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Re: what will come after cryptocurrencies?
April 15, 2013, 11:03:51 AM
#4
Quote from: JimmiesForBitcoins on April 15, 2013, 10:49:26 AM
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...
12pA5nZB5AoXZaaEeoxh5bNqUGXwUUp3Uv
http://firstbits.com/1qdiz
Feel free to help poor student!
cypher-punk
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Re: what will come after cryptocurrencies?
April 15, 2013, 11:40:28 AM
#5
Quote from: kokjo on April 15, 2013, 10:22:22 AM
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
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Re: what will come after cryptocurrencies?
April 15, 2013, 11:52:41 AM
#6
Quote from: kokjo on April 15, 2013, 10:22:22 AM
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.
https://localbitcoins.com/?ch=80k
| BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
cypher-punk
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Re: what will come after cryptocurrencies?
April 15, 2013, 11:54:24 AM
#7
Currency is important but not central to the economic system. The more poignant question to ask is:
What will come after fucking capitalism ?
Akka
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Re: what will come after cryptocurrencies?
April 15, 2013, 11:55:54 AM
#8
Quote from: cypher-punk on April 15, 2013, 11:54:24 AM
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.
All previous versions of currency will no longer be supported as of this update
kokjo
(OP)
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You are WRONG!
Re: what will come after cryptocurrencies?
April 15, 2013, 11:59:10 AM
#9
Quote from: herzmeister on April 15, 2013, 11:52:41 AM
Quote from: kokjo on April 15, 2013, 10:22:22 AM
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.
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
Rassah
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Re: what will come after cryptocurrencies?
April 15, 2013, 02:48:26 PM
#10
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
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Re: what will come after cryptocurrencies?
April 15, 2013, 02:53:17 PM
#11
Quote from: Rassah on April 15, 2013, 02:48:26 PM
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?
All previous versions of currency will no longer be supported as of this update
Rassah
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Re: what will come after cryptocurrencies?
April 15, 2013, 03:07:31 PM
#12
Quote from: Akka on April 15, 2013, 02:53:17 PM
Quote from: Rassah on April 15, 2013, 02:48:26 PM
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
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Re: what will come after cryptocurrencies?
April 15, 2013, 03:08:53 PM
#13
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wachtwoord
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Re: what will come after cryptocurrencies?
April 15, 2013, 03:14:30 PM
#14
Quote from: Rassah on April 15, 2013, 02:48:26 PM
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
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Re: what will come after cryptocurrencies?
April 15, 2013, 03:27:14 PM
#15
Quote from: JimmiesForBitcoins on April 15, 2013, 10:49:26 AM
And when you're in a space ship orbiting Jupiter... You need fuel cells, damn it.
food cells, doh!
BTC: 1ASociaLbBZzBUR8hSw8CryajncADsR1m6 - Bitmessage: BM-orfFdAgAmtnBokTivq3vj1RtSVtXbrftM
OpenBazaar Store:
https://openbazaar.com/store/QmeCThm8d5zcat7BjGw4SQeovaC5diF9s4b2yTSHWdpzmb
JimmiesForBitcoins
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Re: what will come after cryptocurrencies?
April 15, 2013, 03:42:40 PM
#16
Quote from: cypher-punk on April 15, 2013, 11:54:24 AM
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
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FIAT LIBERTAS RVAT CAELVM
Re: what will come after cryptocurrencies?
April 15, 2013, 03:55:00 PM
#17
Quote from: Akka on April 15, 2013, 11:55:54 AM
Quote from: cypher-punk on April 15, 2013, 11:54:24 AM
What will come after fucking capitalism ?
If you mean what we currently have, I for one hope that capitalism comes after that.
+1
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jubalix
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Re: what will come after cryptocurrencies?
April 15, 2013, 04:20:02 PM
#18
Quote from: myrkul on April 15, 2013, 03:55:00 PM
Quote from: Akka on April 15, 2013, 11:55:54 AM
Quote from: cypher-punk on April 15, 2013, 11:54:24 AM
What will come after fucking
capitalism
?
If you mean what we currently have, I for one hope that capitalism comes after that.
+1
Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws
https://www.binance.com/?ref=10062065
myrkul
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Re: what will come after cryptocurrencies?
April 15, 2013, 04:20:54 PM
#19
Quote from: jubalix on April 15, 2013, 04:20:02 PM
Quote from: myrkul on April 15, 2013, 03:55:00 PM
Quote from: Akka on April 15, 2013, 11:55:54 AM
Quote from: cypher-punk on April 15, 2013, 11:54:24 AM
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.
BTC
1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution?
Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
cypher-punk
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Re: what will come after cryptocurrencies?
April 15, 2013, 04:50:09 PM
#20
Quote from: JimmiesForBitcoins on April 15, 2013, 03:42:40 PM
Quote from: cypher-punk on April 15, 2013, 11:54:24 AM
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.
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