In the last two months, I finished over fifty articles about Bitcoin. They may not be absolutely correct for lack of evidence, whiles philosophical questions contain not standard answers, they are for the inspiration of discussion and thinking. Debate makes things explicit.
Victory belongs to the people.This article is about my notion that Bitcoin will be the infrastructure of future human civilization.
The digital Bitcoin world unveiled by Satoshi Nakamoto has overwhelmingly surpassed the existing human civilization. Many people even speculate that Bitcoin is an experiment carried out by aliens to advance the escalation of human civilization. Luckily, we happen to be the witnesses and practitioners of the glorious test, the opening of a great era.
Blockchain is reconstructing the earth, reframing the trust and value transfer system and rebuilding the Tower of Babel of human collective collaboration.
In the next fifty to one hundred years, Bitcoin would become the anchor of value system and wealthy structure for humans, leading them to the integration of currency, economy, wealth, politics, religion, culture and civilization, that is, earth civilization.
Only then can the internal friction on the earth be over and humans step into universe civilization and communicate with civilization from other planets.
Nevertheless, since Satoshi Nakamoto came up with Bitcoin in 2009, its consensus has been expanding with surging believers preaching for it, relevant community enlarging and belief strengthening.
But the course is full of lies, deceit, fraud and spurious bubbles with batches of participants losing money for lack of knowledge pertinent.Thus, the road to boom of digital currency are cluttered up with suspicion and misunderstanding for the reason that the vast majority of people do not comprehend blockchain or its underlying investment logic or the contribution Bitcoin and bolckchain made to the promotion of human civilization.
As I see it, blockchain is more than a technological revolution, it’s a revolution in cognition, thought, logic and relations of production. Bitcoin is impressive because, more importantly, its reconstruction of organizations, of the social and distribution system. It will at last change the most basic relations of production, and achieve a leap-forward upgrading of human civilization.
The current atomic physical space of mankind will be formatted step by step by Bitcoin and enter the digital Bitcoin kingdom one day. Mankind will truly stride into a world close to science fiction.
How does Bitcoin build the infrastructure of human civilization in the future? What's the blueprint?
I think Bitcoin standard worldwide is underway. Bitcoin will be the anchor of the world.
Bitcoin standard means holding Bitcoin as the anchor and then to launch currency of each sovereign state or economy.
All these currencies must take solely Bitcoin as reserve and the credit endorsement with a fixed or relatively floating exchange rate, equivalent to another
Bretton Woods system of Bitcoin.After WWII, Bretton Woods system showed up and USD became the anchor of gold, which acts as the credit endorsement of USD. One dollar equals to 35 ounces, then the exchange rate between USD and other fiats would be set. That’s the gold standard then.
Unfortunately this system collapsed in the end and humans entered the age of pure credit money, the origin of the unfairness of this world.In the coming half century, Bitcoin standard will land and there will be a certain fixed or floating exchange rate among fiats of all countries with Bitcoin as the endorsement.
That's the only solution to refraining currency from over-issuance, keeping weak countries from bullying, stopping ordinary people from exploitation.This is the way to the integration of global currency and civilization and this process must start from relatively backward countries to reach a balance of equality, then force strong ones to compromise thus Bitcoin standard can be built finally.
That is the necessity of the development of Bitcoin and human civilization.In 2021, El Salvador Congress passed the proposal of making Bitcoin its legal tender, indicating that humans have embarked on the road to globalization in currency and civilization in the form of cryptocurrency and blockchain.
El Salvador is not a strong country. As the initiator, it will certainly have more and more followers in the days ahead in that nothing can achieve the maintenance of wealth, gain the victory against global inflation and accomplish inclusive finance except embracing Bitcoin as the legal tender.
https://www.theguardian.com/business/2021/sep/24/el-salvador-adoption-of-bitcoin-as-legal-tender-is-pure-follyAs Bitcoin’s status as legal tender reaps growing recognition, especially all those help Bitcoin has offered draws increasing attention, small countries will gradually persuade these big ones and regional fiats such as euro, CNY and yen will be pressured to adopt Bitcoin.
As Bitcoin’s status as legal tender reaps growing recognition, especially all those help Bitcoin has offered draws increasing attention, small countries will gradually persuade these big ones and regional fiats such as euro, CNY and yen will be pressured to adopt Bitcoin.
Bitcoin mining is in nature bookkeeping, to strive for the accounting right in the digital world of humans. That right is in charge of reserve currency liquidation and the liquidation of most of the major digital asset of human beings.
Bitcoin will be the anchor of currencies all over the world and all the wealth there will be displayed on the shelf of digital civilization in the shape of cryptocurrencies.It’s my prediction of the upcoming fifty years in human civilization. Do you think it pragmatic?
