Hyperbitcoinization and pattern of exponential growth

[MarquiseMuseum]

More and more crypto analysts are beginning to discern the potential of multi million dollar bitcoin/crypto valuation and I believe that what they are stumbling upon is the same exponential trajectory that Ray Kurzweil is working with in his predictions across various industries, particularly the semi conductors/transistors/moores law.

So what's the reason that we are seeing this pattern in crypto?

Once again, I believe that it could be due to blockchain merging with another emerging tech: AI. Where blockchains logistical advantages will be useful for the robotics and ai software industry. Blockchain will power AI/IoT using a share of everyones smartphones and pcs, this will enable democratized and distributed Artificial intelligence. I think the most likely originator will be DARPA as they were also the originators of the arpanet.

The growth projection seems absurd to people in the present, we are looking at quadrillion dollar GDP at this figures, however, looking into the past we can determine that GDP growth from 1900 to 2000 went from 1TN to 40tn. Ray Kurzweil, as controversial as he may have been or still is, expects similar growth for the first 25 years of this century as the past 100, which would coincide with projections made into the late 2020's or early 2030's.

A fully automated robotics industry coupled with human capacity AI whether narrow or bundled to mimic AGI, would certainly be more than capable of increasing productivity dozens or hundredfold in very short historical timeframes, just like the industrial revolution did.

The secret with blockchain is that it will merge with other fundamental tech to unleash full power.

There will be many artilects (de garis)/chains, just like there are many world currencies, I am not a believer in totalitarian monopolies, except for backwater regions of the world.

Thoughts?

[Febo]

More and more crypto analysts are beginning to discern the potential of multi million dollar bitcoin/crypto valuation and I believe that what they are stumbling upon is the same exponential trajectory that Ray Kurzweil is working with in his predictions across various industries, particularly the semi conductors/transistors/moores law.

So what's the reason that we are seeing this pattern in crypto?

Once again, I believe that it could be due to blockchain merging with another emerging tech: AI. Where blockchains logistical advantages will be useful for the robotics and ai software industry. Blockchain will power AI/IoT using a share of everyones smartphones and pcs, this will enable democratized and distributed Artificial intelligence. I think the most likely originator will be DARPA as they were also the originators of the arpanet.

The growth projection seems absurd to people in the present, we are looking at quadrillion dollar GDP at this figures, however, looking into the past we can determine that GDP growth from 1900 to 2000 went from 1TN to 40tn. Ray Kurzweil, as controversial as he may have been or still is, expects similar growth for the first 25 years of this century as the past 100, which would coincide with projections made into the late 2020's or early 2030's.

A fully automated robotics industry coupled with human capacity AI whether narrow or bundled to mimic AGI, would certainly be more than capable of increasing productivity dozens or hundredfold in very short historical timeframes, just like the industrial revolution did.

The secret with blockchain is that it will merge with other fundamental tech to unleash full power.

There will be many artilects (de garis)/chains, just like there are many world currencies, I am not a believer in totalitarian monopolies, except for backwater regions of the world.

Thoughts?

Bitcoin cant be worth that many millions USD as of today's value. Yes, USD will have huge inflation in upcoming years so eventually we will see few million Bitcoin.  But it will take quite some time that we will see bitcoin being worth as much gold you can buy today with 5 million USD

[MarquiseMuseum]

More and more crypto analysts are beginning to discern the potential of multi million dollar bitcoin/crypto valuation and I believe that what they are stumbling upon is the same exponential trajectory that Ray Kurzweil is working with in his predictions across various industries, particularly the semi conductors/transistors/moores law.

So what's the reason that we are seeing this pattern in crypto?

Once again, I believe that it could be due to blockchain merging with another emerging tech: AI. Where blockchains logistical advantages will be useful for the robotics and ai software industry. Blockchain will power AI/IoT using a share of everyones smartphones and pcs, this will enable democratized and distributed Artificial intelligence. I think the most likely originator will be DARPA as they were also the originators of the arpanet.

The growth projection seems absurd to people in the present, we are looking at quadrillion dollar GDP at this figures, however, looking into the past we can determine that GDP growth from 1900 to 2000 went from 1TN to 40tn. Ray Kurzweil, as controversial as he may have been or still is, expects similar growth for the first 25 years of this century as the past 100, which would coincide with projections made into the late 2020's or early 2030's.

A fully automated robotics industry coupled with human capacity AI whether narrow or bundled to mimic AGI, would certainly be more than capable of increasing productivity dozens or hundredfold in very short historical timeframes, just like the industrial revolution did.

The secret with blockchain is that it will merge with other fundamental tech to unleash full power.

There will be many artilects (de garis)/chains, just like there are many world currencies, I am not a believer in totalitarian monopolies, except for backwater regions of the world.

Thoughts?

Bitcoin cant be worth that many millions USD as of today's value. Yes, USD will have huge inflation in upcoming years so eventually we will see few million Bitcoin.  But it will take quite some time that we will see bitcoin being worth as much gold you can buy today with 5 million USD

This would be inflation adjusted, and not bitcoin in particular depending on portability of AI to existing chains, unlikely.

Since bitcoin is digital its following all other digital exponential growth trajectories according to moores law, this pattern is repeating in many sectors which is what Kurzweil discovered 30 years ago. Crypto is investable, people are buying into the singularity S-curve basically (doesnt mean your crypto will make you trillionaire, newer chains will come and older ones may perish, but the exponential impulse remains).

What is not possible however, is this valuation with bitcoin in its current iteration, so I tried to make sense of this hyperbole and my conclusion is that something extra ordinary must happen that will have a large impact on global economy and humanity. The first came to mind, was AI.

[davis196]

Exponential growth of the economy?How can the economy grow exponentially,when the resources on this planet are limited?What do you think about the third world countries?Can they grow exponentially?I`m pretty sure that they will never implement robots and AI.By the way,I like the term "hyperbitcoinization".We all have to be "hypebitcoinized".

[Tyr808]

This bullshit theory reminds me of the "golden superhighway" theory gold bugs were masturbating on when buying gold ATH ard 2000$/oz 8 years ago.
Market cap of bitcoin will realistically never surpass gold market cap.
However real market cap of bitcoin has to take into account the fact there's much less than 21b bitcoin available (right now already gone down to 16ish b, and the number will go down by 0.5b a year).

Right now maximum price of btc is 50k$.

[MarquiseMuseum]

This bullshit theory reminds me of the "golden superhighway" theory gold bugs were masturbating on when buying gold ATH ard 2000$/oz 8 years ago.
Market cap of bitcoin will realistically never surpass gold market cap.
However real market cap of bitcoin has to take into account the fact there's much less than 21b bitcoin available (right now already gone down to 16ish b, and the number will go down by 0.5b a year).

Right now maximum price of btc is 50k$.

Probably wrong on the 50k, but the example of bitcoin is only to cater to this audience whose main interest is bitcoin. The backbone of a quadrillion dollar gdp would rest firmly on AI-centric blockchain combined with physical androids who will be the root of the increased productivity. It's also not even a theory, it's pure speculation, hence, speculation subforum. Last time I was curious about the future I ended up buying Eth at $7, of course not knowing that it would do a x200 less than 18 months later, this was unheard of prior to crypto. If you want theory, go read Kurzweil, last I know, he was a director at google, so people can say what they want but it still a solid vote of confidence by the tech community. His 2045 scenario+gates 200 years/2 is in accordance with expectation of human development.

Blockchain is set to converge with AI, you read it here first.

[Tyr808]

Converging with AI.. what the actual fuck does that even mean??

[shursight]

That is a very good word and i will start using it, but lets be serious guys, i do not think that we are going to see a massive adoption before the end of the year of 2020, that is very difficult to see, even i am being very optimistic with that ETA: but it will take some time

[fabiorem]

I support the dumping of the old, obsolete nation-state model, in favor of AI global governance. Code should substitute governments, blockchain should substitute the state apparatus. I envy the younger generations, who will have the privilege to just plug a computer inside their brains. I will probably be dead when this is available.

Machines will rule humanity better, the future belong to the machines and theres nothing you can do to resist assimilation. AIs use logic, humans do not.

Bitcoin value is infinite. 100k will not be enough.

[aso118]

I support the dumping of the old, obsolete nation-state model, in favor of AI global governance. Code should substitute governments, blockchain should substitute the state apparatus. I envy the younger generations, who will have the privilege to just plug a computer inside their brains. I will probably be dead when this is available.

Machines will rule humanity better, the future belong to the machines and theres nothing you can do to resist assimilation. AIs use logic, humans do not.

Bitcoin value is infinite. 100k will not be enough.

The nation state model is a recent construct. Not long ago, your life was at the mercy of kings who ruled your land. There are still some despots around, but by and large we have nation states and democracies. Jumping to AI global governance will be a big step.
Bitcoin might be invaluable, but it should still have a price attached to it. The common man on the street cannot deal with abstract numbers.

[zakariajaki]

More and more crypto analysts are beginning to discern the potential of multi million dollar bitcoin/crypto valuation and I believe that what they are stumbling upon is the same exponential trajectory that Ray Kurzweil is working with in his predictions across various industries, particularly the semi conductors/transistors/moores law.

So what's the reason that we are seeing this pattern in crypto?

Once again, I believe that it could be due to blockchain merging with another emerging tech: AI. Where blockchains logistical advantages will be useful for the robotics and ai software industry. Blockchain will power AI/IoT using a share of everyones smartphones and pcs, this will enable democratized and distributed Artificial intelligence. I think the most likely originator will be DARPA as they were also the originators of the arpanet.

The growth projection seems absurd to people in the present, we are looking at quadrillion dollar GDP at this figures, however, looking into the past we can determine that GDP growth from 1900 to 2000 went from 1TN to 40tn. Ray Kurzweil, as controversial as he may have been or still is, expects similar growth for the first 25 years of this century as the past 100, which would coincide with projections made into the late 2020's or early 2030's.

A fully automated robotics industry coupled with human capacity AI whether narrow or bundled to mimic AGI, would certainly be more than capable of increasing productivity dozens or hundredfold in very short historical timeframes, just like the industrial revolution did.

The secret with blockchain is that it will merge with other fundamental tech to unleash full power.

There will be many artilects (de garis)/chains, just like there are many world currencies, I am not a believer in totalitarian monopolies, except for backwater regions of the world.

Thoughts?

information and knowledge is very remarkable with the translation of the system as well as detailed systematics, I think it is predictable that blockchain will hold several large companies where the development and development of technology more easily concise and fast in access, and I will all the development of technology will grow in the future, if only the technology can already be accessed through the phone so that simplify and simultaneously summarize, I think the goal of a very extraordinary especially for technology, may be useful and successful for all of us

[cellard]

I agree with Ray K. with the next 20 to 30 years being extremely exciting technology wise and we'll see some big changes in society, but I think he is a bit delusional when it comes to reaching singularity by 2045.

He claims that in basically 10 years, AI will match human brain power:

2029 is the consistent date I have predicted for when an AI will pass a valid Turing test and therefore achieve human levels of intelligence. I have set the date 2045 for the ‘Singularity’ which is when we will multiply our effective intelligence a billion fold by merging with the intelligence we have created.

Well, AI must improve really fast, from what I've seen we are still at early stages. 10 years sounds like a short period of time for me, but we'll see. Maybe it gets that exponential and it actually happens.

[hatshepsut93]

I support the dumping of the old, obsolete nation-state model, in favor of AI global governance. Code should substitute governments, blockchain should substitute the state apparatus. I envy the younger generations, who will have the privilege to just plug a computer inside their brains. I will probably be dead when this is available.

Machines will rule humanity better, the future belong to the machines and theres nothing you can do to resist assimilation. AIs use logic, humans do not.

Bitcoin value is infinite. 100k will not be enough.

Hell no, do you remember what happened when ETH guys have tasked blockchain with running a company? It gave all the money to the thief because of some mistake made by programmer. Just imagine the disaster that would be caused by bugs if AI, blockchain and other buzzwords replaced the government.

Also, we have not even started working on AI that most people think about, aka General Intelligence - that thing that is called AI now is just an algorithm for solving some very specific tasks. People of the last century though we'll have flying cars and space colonies now, but instead we have the Internet and smartphones. People are really bad at predicting technology in long term.

[cellard]

I support the dumping of the old, obsolete nation-state model, in favor of AI global governance. Code should substitute governments, blockchain should substitute the state apparatus. I envy the younger generations, who will have the privilege to just plug a computer inside their brains. I will probably be dead when this is available.

Machines will rule humanity better, the future belong to the machines and theres nothing you can do to resist assimilation. AIs use logic, humans do not.

Bitcoin value is infinite. 100k will not be enough.

Hell no, do you remember what happened when ETH guys have tasked blockchain with running a company? It gave all the money to the thief because of some mistake made by programmer. Just imagine the disaster that would be caused by bugs if AI, blockchain and other buzzwords replaced the government.

Also, we have not even started working on AI that most people think about, aka General Intelligence - that thing that is called AI now is just an algorithm for solving some very specific tasks. People of the last century though we'll have flying cars and space colonies now, but instead we have the Internet and smartphones. People are really bad at predicting technology in long term.

AI is just too difficult, one of the most difficult fields, I don't believe in 10 years Ray K will be right, we would need to improve at ridiculous levels. We have super computers beating top chess players but that is a very different thing from AI thinking and creating as we humans do.

I wonder if Ray would be willing to bet money in his prediction being right. The 2045 number sounds better in my head for that, now 2029. But until we have actual robots being smarter than us with legs and feet to create things then I will not be ready to accept any sort of singularity claim. Try in 1000 years maybe...

[MarquiseMuseum]

The take away from Kurzweil and scientists in that field is that they present a formula for the next 300 years that can be expanded upon and combined with other ideas such as Blockchain and why we are witnessing these previously inexplicable Parabolic events long term in crypto sector.

2045 is for Virtual singularity no doubt, every citizen with a private fully immersive simulated universe where we can play gods indestinguishable from reality.

With life extension technology, perhaps some of the forum readers will be privileged to experience a real singularity in a few centuries. During the interim, I think people will be happy with VR and AR singularity.

Kurzweil is also known for being consistently 10 years early in major predictions.

For me as an artist working with hunting and mythology, I find it fascinating that people a few hundred years from now can role play as living gods due to advanced technological development with access to vast amounts of energy. And even more so with the possibility that some of those people may be alive today. It is a remarkable notion that there could be dormant humans walking around today, completely oblivious to the powers that will be made available in their own futures.

If the outcome is known, then it can be reverse engineered back into the present, and remove fog of war in some areas of life.