Human productivity

[Similificator]

Indeed the humans undoubtedly has gone so far from where it was back then. And to this day, innovation happens all over the world in both huge and small scales. Which is why I think that cash will someday also become as something that humans just look back upon and not ever use again because of the "new" ways to trade. But this happening is still impossible at the moment and we may even be dead already by the time this comes to pass. Still though, there are lots of altcoins existing that can serve this purpose pretty well compared to bitcoin. Well, we'll just have to wait and see what the future holds for us.

[1714106678]

1714106678

[1714106678]

1714106678

[1714106678]

1714106678

[yhiaali3]

Quite true, the analogy of Bitcoin with gold is a completely correct analogy. Bitcoin is a valuable as well as rare currency. In addition, Bitcoin is superior to gold in terms of the ease of maintaining it safely, as well as the ease of transferring it across countries and continents. Gold costs a lot of money and time to protect and transfer while this is done easily. In the case of Bitcoin

[stompix]

In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU.

Not really!
For most of ancient history and medieval times, farmers either exchanged their goods in barter deals, this extended till the 19 century for some parts of Europe or they would get paid mostly in silver. One as to look at what the roman empire run on and it wasn't really gold, more like silver with bronze and copper battling for number two spot. As for the IOU, that never happened for the average farmer or citizen or anything, the first form of IOU was solely used by merchants and was totally inaccessible to the masses who could barely read and write their name.

The whole thing of gold coins being used when paying for everything in a medieval town is just Hollywood, in reality, it didn't happen. You would see a hundred times more people splitting silver coins into two or four pieces to pay for stuff than owning a gold coin.

Now and in the future, we will replace the surplus production with a rare, trustworthy and unchangeable Bitcoin, and it can be quickly exchanged for the product we want in any corner of the world. We no longer have to work hard to carry these gold and IOUs.

You could do that for decades prior to this..
Your oversimplifying things, it's not like you have excess production and in a matter of seconds you can sell it for bitcoins, trust me! I've spent way too much of my life dealing with the farming business and you have no idea what a pain in the ass negotiations over a few cents per kilo is, the speed of payments is your last concerns, securing cheap resources and getting a good price on it are for more troublesome than actual work. Bitcoin is money, if you can't sell your product for money then you won't be able to sell it for bitcoin either and the chances are far worse with the second.
Be honest about it, when was the last time you purchased wheat or meat or eggs with BTC ?

That being said, I don't know why you made the title about productivity.
Productivity has nothing to do with bitcoin, bitcoin excels at transferring wealth or storing it, it won't increase productivity simply because you get paid in it.
It might be like this in the future but at this point, the major path is still goods > fiat >btc > fiat >goods.

[Xinarae*]

Bitcoin cannot be compared to gold bitcoin is more valuable than gold the world is moving forward digitally. The skills required to develop the processes used in the manufacturing system have changed drastically over time as labor is less expensive in developed countries much less skilled production work has moved from developed countries to developing countries. More efficient manufacturing, especially precision and high end products are adopted in developed economies technology has made manufacturing more efficient and workers more productive.

[goinmerry]

Bitcoin and cryptocurrency is and will be the replacment for the physical currencies in a world where everything is being digitilized.

Being digital doesn't always mean bitcoin or crypto is involved here.

The world is slowly changing the ways of payment thru only digital. Much especially during the pandemic where online payment is encouraged as a mode of payment even in physical stores.

Remove the idea that Bitcoin will replace the traditional fiat. Fiat transfers will still dominate the payment system in its digital form.

[peter0425]

In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU. When you finish eating your own grain, you can exchange the IOU for gold and then exchange for grain.
Now and in the future, we will replace the surplus production with a rare, trustworthy and unchangeable Bitcoin, and it can be quickly exchanged for the product we want in any corner of the world. We no longer have to work hard to carry these gold and IOUs.
 In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.

Well Honest issue is the transaction speed and fee in which needed to be updated or we will use alternative coins to make it possible.

but as far as the transaction is concern this is the safest for me.

[henmark]

In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.

I simply see Bitcoin as Bitcoin, and not as gold as some of you would always say. I feel that the both of them are totally different. I do know that they are both being used as a store of value, but Bitcoin is not the only asset, neither is it the only cryptocurrency, that can be used as a store of value.

There are lots of other assets out there that are being used as a store of value and also for transactions, why are they also not being called another ‘digitalgold’ like some would call Bitcoin? Bitcoin is totally on its own path, and for sure we look forward to more growth of Bitcoin like it is doing now.

[Kakmakr]

On August 15, 1971, President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. So now Fiat currencies are simply IOU's for debt on a piece of paper or on a coin... because governments are printing fiat currencies like toilet paper. 

Crypto currencies removed the government and private Banks to eliminate their manipulation of our wealth, so now we can deal directly between each other, without a 3rd party controlling our wealth.    (Some people use 3rd party services like centralized wallets and exchanges, so they give back control to governments..because these services are regulated) 

[Smitty Werben Man Jensen]

In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.

I simply see Bitcoin as Bitcoin, and not as gold as some of you would always say. I feel that the both of them are totally different. I do know that they are both being used as a store of value, but Bitcoin is not the only asset, neither is it the only cryptocurrency, that can be used as a store of value.

There are lots of other assets out there that are being used as a store of value and also for transactions, why are they also not being called another ‘digitalgold’ like some would call Bitcoin? Bitcoin is totally on its own path, and for sure we look forward to more growth of Bitcoin like it is doing now.

It's very clear that if we talk about bitcoin and gold they are very different,
cryptocurrency prices are very volatile while gold prices are much more stable,
so indeed in cryptocurrency the risk is greater apart from that all the moments of growth from bitcoin itself are highly anticipated and hopefully it can happen in the near future

[Ucy]

On August 15, 1971, President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. So now Fiat currencies are simply IOU's for debt on a piece of paper or on a coin... because governments are printing fiat currencies like toilet paper.  

Crypto currencies removed the government and private Banks to eliminate their manipulation of our wealth, so now we can deal directly between each other, without a 3rd party controlling our wealth.    (Some people use 3rd party services like centralized wallets and exchanges, so they give back control to governments..because these services are regulated)  

Interesting. .
Doesn't mean we can't have decentralized wallets and exchanges that work more morally/legally than the centralized wallets and exchanges.
I think network participants could have hard-coded & automated rules (that do not violent the ideals/principles of Blockchain) working in the background to keep decentralized cryptospace safe. A well built decentralized cryptocurrency can even be used to easily check centralized powers and their tendency to be corrupt.

[paxmao]

All productivity is by default human, no need for redundancy. People speak of productivity without a clear understanding of what it means: it is the unit of produce (many times measured in adjusted currency) per hour of work. You can also measure productivity by unit of land or other, but normally is about human work.

Historically, yes productivity has increased as humans have learned to do things better and more efficiently, now we should be thinking less about being productive and much more about being sustainable as a species in the long term. Crypto are a material step in innovation, yet it has to be sustainable.

[bitgolden]

In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU. When you finish eating your own grain, you can exchange the IOU for gold and then exchange for grain.
Now and in the future, we will replace the surplus production with a rare, trustworthy and unchangeable Bitcoin, and it can be quickly exchanged for the product we want in any corner of the world. We no longer have to work hard to carry these gold and IOUs.

I do not believe that productivity could be counted, there are people who get a lot more money not because they are productive but because they are in a business that makes money.

A very simple example that has been given for many years is the difference between a doctor and an athlete, Ronaldo makes more money than almost any doctor I believe, at least anyone you may know, not the ones that may ended up owning the whole hospital. Think about it, a league of football players make more money than your entire nations medical workers, that is not just doctors, that is nurses and reception and everyone else included, anyone who works in health industry, and that is COMBINED.

This is why I think it is not productivity, it is marketability, if you do something silly like work just 10 minutes a day and sleep the rest and you can still sell that to the world? That would be good enough to make a profit. Hence there is no need for fiat vs crypto in that case, nor gold would matter in that case neither.

[inoes]

every result of one's efforts, in the end will be used to prepare savings in the future. everyone wants to be better, more valuable and simpler. now is the digital age, and for those who know cryptocurrency then people
will take advantage of that. but unfortunately everything is limited by regulations and the whales who play the price so that cryptocurrency is something that some parties fear.

[PIR]

Bitcoin has many advantage than gold or or fiat. if before people exchange what they have for gold and other valuable material to gain more when they invest. In bitcoin is also some sort of investment which in later years you will gain. its decentralized and you can keep your money with sure profit

[Fortify]

In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU. When you finish eating your own grain, you can exchange the IOU for gold and then exchange for grain.
Now and in the future, we will replace the surplus production with a rare, trustworthy and unchangeable Bitcoin, and it can be quickly exchanged for the product we want in any corner of the world. We no longer have to work hard to carry these gold and IOUs.
 In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.

It might be worth noting that only the very richest people would have owned much gold. If you read "The Richest Man in Babylon" you will see that they generally had tokens in the form of silver or bronze, much like the smaller denominations that you find in several countries today. If you were to apply that to the cryptocurrency world then maybe you should consider "Bitcoin" as the gold, popular altcoins like Ethereum & Dogecoin as the silver and less well known ones as the bronze. It is worth having a mixture because, unlike a fixed precious metal in the real world, we never know if the gold will eventually turn into almost worthless coal and have some silver transform to take its place.

[henmark]

In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU. When you finish eating your own grain, you can exchange the IOU for gold and then exchange for grain.

I really don't know what IOU was but money serves the same purpose if you think of it. You farm and change it for gold/money and later you can use it for any purpose.

In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.

I myself use Bitcoins but I think online transactions were already easy to make because a lot of payment processors existed for years and decades now. The real problem that Bitcoin solved was transparency and chargeback problems that were always associated with other payment options.

Bitcoin although solves a ton of problems still remains a hesitant payment option because the time of confirmation is usually 10-15 minutes and not every transaction has the liberty of allowing so much time. You cannot pay at a gas station, coffee shop and other places where you don't want to wait.

[Betwrong]

In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU. When you finish eating your own grain, you can exchange the IOU for gold and then exchange for grain.

I really don't know what IOU was but money serves the same purpose if you think of it. You farm and change it for gold/money and later you can use it for any purpose.

In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.

I myself use Bitcoins but I think online transactions were already easy to make because a lot of payment processors existed for years and decades now. The real problem that Bitcoin solved was transparency and chargeback problems that were always associated with other payment options.

Bitcoin although solves a ton of problems still remains a hesitant payment option because the time of confirmation is usually 10-15 minutes and not every transaction has the liberty of allowing so much time. You cannot pay at a gas station, coffee shop and other places where you don't want to wait.

I think this problem can be easily solved with accepting zero conf transactions by the retailers. Seriously, who in the right mind will consider cheating in order to steal a cup of coffee? Such small transactions don't have to be confirmed in 10-15 minutes even. You can pay a small fee, just enough for it to not stuck forever, 3-4 sats/byte, maybe. And that's for now, when most popular wallets don't support Lightning transactions. When that changes the problem will be solved completely.

[Smitty Werben Man Jensen]

Bitcoin has many advantage than gold or or fiat. if before people exchange what they have for gold and other valuable material to gain more when they invest. In bitcoin is also some sort of investment which in later years you will gain. its decentralized and you can keep your money with sure profit

What makes bitcoin superior to bitcoin or fiat is that its price is increasing year by year,
we can see for ourselves and of course the price can still go up again,
Despite these advantages, there are still drawbacks and investing in cryptocurrencies is a big risk, so it's not easy

[Renampun]

...

Well Honest issue is the transaction speed and fee in which needed to be updated or we will use alternative coins to make it possible.

but as far as the transaction is concern this is the safest for me.

this is the reason we have to accelerate the adoption of lighting network...

transaction fees and transaction processing problems are things that have been discussed in Bitcoin for a long time, using the lightning network is the best option so that adoption of problems can occur immediately.

[jaysabi]

In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU. When you finish eating your own grain, you can exchange the IOU for gold and then exchange for grain.
Now and in the future, we will replace the surplus production with a rare, trustworthy and unchangeable Bitcoin, and it can be quickly exchanged for the product we want in any corner of the world. We no longer have to work hard to carry these gold and IOUs.
 In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.

Bitcoin's volatility makes it a horrible currency. Imagine an economy where you only know how much money you have for a few minutes at a time because the value changes so quickly. Commerce would be inconsistent, the ability to plan for the future would be completely gone because you would never have a reasonable expectation of how much money you'd have at any stage in your life due to the unpredictability of bitcoin's value.

Sorry, but nothing in bitcoin's history suggests it will ever be a usable currency, especially on a global level.