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Author Topic: How would a Bitcoin future be better?  (Read 2264 times)
westkybitcoins
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Firstbits: Compromised. Thanks, Android!


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September 27, 2013, 09:11:15 PM
 #41

I've never heard of anything that combats greed other than the legal system.

Whooo boy....

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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johnyj
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September 28, 2013, 01:45:31 AM
 #42

The most significant difference is: Banks print money to exchange for your work, but bitcoin miners mine the coins to exchange for your work

Zangelbert Bingledack
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September 28, 2013, 03:31:44 AM
 #43

Few are seeing the big picture.

If you want to see the big picture, if you want to be positively blown away by all the ways Bitcoin will change the world, I invite you to read one of the classic works by Ludwig von Mises or other Austrian economist, like Socialism*, so you can see all the ways the current system of centralized power is massively screwed up, staggeringly inefficient and unjust, and suffocating to human progress. Then realize that Bitcoin can fix all of that by decentralizing power.

In bland and general terms, we're talking about a tremendously higher standard of living for everyone in the world (even the current power elite, although less so), a jetpack strapped to the back of technological advancement, the Internet showing its true power, a vast clearing away of suffering and injustice of many kinds...it sounds unbelievable until you realize just how messed up things are currently, and why. Much like the early Internet, people who understand this often avoid mentioning all this because it sounds "too good to be true," yet it is true - in fact even these gushing forecasts probably will be looked at as lacking in imagination in 20 years.

*For a much lighter, quick read, try this comic book: http://imgur.com/account/hegawid/albums
zachcope
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September 28, 2013, 08:05:15 AM
 #44

In a bitcoin future the benefits might include:
  • Globalisation for individuals, rather than just corporations, as goods, services and ideas can flow regardless of government efforts.
  • Reduced poverty due to easier ex pat remittances followed by increased economic productive opportunities in the poorest countries.
  • The brightest most talented people spending time on science, medicine, engineering, arts that benefit mankind rather than being incentivised to work in banks.
  • The wisdom of individuals in the crowd determining who benefits from investments and loans rather than pension fund managers following their peers blindly.
  • Incentives to consume sensibly, and invest or save otherwise, mitigating our impact on the earth.
  • Cheaper sports events as no one is paying for corporate tickets for pension fund managers

That's the first few things I hope for!


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