Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 12, 2015, 04:56:35 PM |
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I agree, it would become something else. It would no longer be anti-inflationary. But if it becomes an integrated part of the world economy to such an extent that governments start seeing it as their god given right to fiddle with it, they might decide to introduce inflation as most central banks today would in a strongly deflationary economy. A "healthy" inflation today is considered to be in the 2-3% range. If inflation goes into minus territory this could have as negative consequences for the economy long term as a strongly inflationary economy. I am not saying that it will happen, just that it's a scenario I can sort of imagine happen in the very very long term.
Fair play. What do you consider to be a long time? say 50 years? Slightly OT here I guess but I think that actually in 50 years time, when this technological revolution has really got its boots on, then the financial system, and the nature of work and value, and debt and inflation and deflation, are going to have to have changed considerably? I do wonder about that, and how the existing financial system, BTC included, and society in general will have to adapt. Just one example of the quandry, in 50 years time, it looks as if people will be able to become immortal in various forms.. one of which would be to live in totally virtual environments once your body has faded away, assuming this is possible and does become a reality , where does work and money and finance fit in then? and..... who pays for the hardware? Without even going to that extreme, I wonder what life expectancy will be in 2065? I also wonder what the state of AI and automation, and nanotechnology will be, and if we will be resource rich? how are all these things going to pan out? Sounds odd, but it is rushing towards humanity like a maglev in a vacume tube. 50-100 years at least. I am not sure if you're jerking my chain, but if you are trying to say that predicting how society will arrange itself so far in the future, then I agree. |
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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podyx
Legendary
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Activity: 2338
Merit: 1035
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March 12, 2015, 04:58:28 PM |
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tarmi is even more evident evidence that people that get left behind by the train grows to become pure poison later.
Take care of yourself and buy and hold bitcoin so you don't become one of these toxic motherfuckers... (even if you were to lose it all, it's a cheap price.)
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 12, 2015, 04:59:16 PM |
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calme
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March 12, 2015, 05:00:06 PM |
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Is anyone even working on how we are going to get access to our private keys if our biological bodies are gone and we are walking around inside of the Internet? No one likes an "I had several BTC in my previous world" guy.
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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March 12, 2015, 05:00:26 PM |
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tarmi is even more evident evidence that people that get left behind by the train grows to become pure poison later in life.
Take care of yourself and buy and hold bitcoin so you don't become one of these toxic motherfuckers...
 I am living la vida loca. you, I guess, are having second thoughts about those longs you took? |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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March 12, 2015, 05:00:34 PM |
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I agree, it would become something else. It would no longer be anti-inflationary. But if it becomes an integrated part of the world economy to such an extent that governments start seeing it as their god given right to fiddle with it, they might decide to introduce inflation as most central banks today would in a strongly deflationary economy. A "healthy" inflation today is considered to be in the 2-3% range. If inflation goes into minus territory this could have as negative consequences for the economy long term as a strongly inflationary economy. I am not saying that it will happen, just that it's a scenario I can sort of imagine happen in the very very long term.
Fair play. What do you consider to be a long time? say 50 years? Slightly OT here I guess but I think that actually in 50 years time, when this technological revolution has really got its boots on, then the financial system, and the nature of work and value, and debt and inflation and deflation, are going to have to have changed considerably? I do wonder about that, and how the existing financial system, BTC included, and society in general will have to adapt. Just one example of the quandry, in 50 years time, it looks as if people will be able to become immortal in various forms.. one of which would be to live in totally virtual environments once your body has faded away, assuming this is possible and does become a reality , where does work and money and finance fit in then? and..... who pays for the hardware? Without even going to that extreme, I wonder what life expectancy will be in 2065? I also wonder what the state of AI and automation, and nanotechnology will be, and if we will be resource rich? how are all these things going to pan out? Sounds odd, but it is rushing towards humanity like a maglev in a vacume tube. 50-100 years at least. I am not sure if you're jerking my chain, but if you are trying to say that predicting how society will arrange itself so far in the future, then I agree. No I am 100% serious. Also we are about to expand our neural cortex into the cloud, and increase the size of the neural cortex a thousand fold (and then again) there is no telling what will happen. The last time we did this as a species, we invented, language, mathematics, agriculture, french, art, music etc etc... The world is going to change more in the next 50 years than in the last 100-200, and in the next 100 years as much as in the past 500. The only thing that will stop this is, nuclear war, plague or heat death. |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 12, 2015, 05:01:50 PM |
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tarmi is even more evident evidence that people that get left behind by the train grows to become pure poison later in life.
Take care of yourself and buy and hold bitcoin so you don't become one of these toxic motherfuckers...
I am living la vida loca. you, I guess, are having second thoughts about those longs you took?  If you're telling the truth, then good. but you sure are acting like one who got left behind |
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Norway
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March 12, 2015, 05:02:07 PM |
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Is anyone even working on how we are going to get access to our private keys if our biological bodies are gone and we are walking around inside of the Internet? No one likes an "I had several BTC in my previous world" guy.
Easy. Brainwallet  |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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March 12, 2015, 05:02:38 PM |
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Is anyone even working on how we are going to get access to our private keys if our biological bodies are gone and we are walking around inside of the Internet? No one likes an "I had several BTC in my previous world" guy.
 Brilliant. I think we may have to store them in our virtual asses. |
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ImI
Legendary
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Activity: 1946
Merit: 1019
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March 12, 2015, 05:02:59 PM |
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tarmi is even more evident evidence that people that get left behind by the train grows to become pure poison later in life.
Take care of yourself and buy and hold bitcoin so you don't become one of these toxic motherfuckers... (even if you were to lose it all, it's a cheap price.)
nope i think he should short the sh** out of this motherf****. he gets a little respect as he at least has the balls to come here at the moment as obv permabear. the other beartards are hiding and waiting until we drop 10$ to come out and start celebrating. |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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March 12, 2015, 05:03:07 PM |
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Is anyone even working on how we are going to get access to our private keys if our biological bodies are gone and we are walking around inside of the Internet? No one likes an "I had several BTC in my previous world" guy.
Easy. Brainwallet oh yeah... or that. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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March 12, 2015, 05:04:35 PM |
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Is anyone even working on how we are going to get access to our private keys if our biological bodies are gone and we are walking around inside of the Internet? No one likes an "I had several BTC in my previous world" guy.
Easy. Brainwallet Our brains will be prime hacking targets. Making brainlove with the wrong person will allow them past our neural shields and turn us into hacking botzombies. It's hard work being futuristic. |
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Norway
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March 12, 2015, 05:05:52 PM |
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Is anyone even working on how we are going to get access to our private keys if our biological bodies are gone and we are walking around inside of the Internet? No one likes an "I had several BTC in my previous world" guy.
Easy. Brainwallet Our brains will be prime hacking targets. Making brainlove with the wrong person will allow them past our neural shields and turn us into hacking botzombies. It's hard work being futuristic. True. Women do that today |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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March 12, 2015, 05:07:34 PM |
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Also we are about to expand our neural cortex into the cloud, and increase the size of the neural cortex a thousand fold (and then again) there is no telling what will happen. The last time we did this as a species, we invented, language, mathematics, agriculture, french, art, music etc etc...
The world is going to change more in the next 50 years than in the last 100-200, and in the next 100 years as much as in the past 500.
The only thing that will stop this is, nuclear war, plague or heat death.
I'm pretty sure those qualify as 'change'... |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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March 12, 2015, 05:09:55 PM |
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Also we are about to expand our neural cortex into the cloud, and increase the size of the neural cortex a thousand fold (and then again) there is no telling what will happen. The last time we did this as a species, we invented, language, mathematics, agriculture, french, art, music etc etc...
The world is going to change more in the next 50 years than in the last 100-200, and in the next 100 years as much as in the past 500.
The only thing that will stop this is, nuclear war, plague or heat death.
I'm pretty sure those qualify as 'change'... Good one!  Yeah my dog changed when it died.  (when I think of it , humanity , or homo-sapiens may change more in the next 100 years than they have in (insert very large number here) amount of years... 500 years may not be a big enough number, you could say that as soon as super augmented intelligence, and AIs with the capacity of 1000 times the entire human races brain power, and virtual immortality, become a reality, that we would have transcended what we now call human) It's life Jim, but not as we know it. |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 12, 2015, 05:11:17 PM |
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No pressure on $300 target yet... There should be  |
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michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 12, 2015, 05:11:32 PM |
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stamps resistance fading!
bought or moved? |
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Norway
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March 12, 2015, 05:12:15 PM |
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Ok.. this is a little embarrassing, but here we go... I bought these to carry paperwallets when travelling in the future: https://www.stashitware.com/boxer-briefs/(P.S. Don't look at the video on the page.) |
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JimboToronto
Legendary
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Activity: 4004
Merit: 4482
You're never too old to think young.
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March 12, 2015, 05:12:41 PM |
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The Great Wall of Bitstamp has become a little curb. Not quite as exciting as the slaying of Bearwhale in October possibly but just as significant. |
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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March 12, 2015, 05:15:02 PM |
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tarmi is even more evident evidence that people that get left behind by the train grows to become pure poison later in life.
Take care of yourself and buy and hold bitcoin so you don't become one of these toxic motherfuckers... (even if you were to lose it all, it's a cheap price.)
nope i think he should short the sh** out of this motherf****. he gets a little respect as he at least has the balls to come here at the moment as obv permabear. the other beartards are hiding and waiting until we drop 10$ to come out and start celebrating. go up or down... doesn't matter..... that is just how i roll . |
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