A CURRENCY WHICH IS FREE OF GOVERNMENT CONTROL, AND IMPERVIOUS TO INFLATION.
The world is now outgrowing the US dollar in terms of scale, but still uses it as the global currency
. The dollar has eaten all of its competitors, and it is about to eat itself.
That you could hide your money, do with it what you wanted, without fear of being robbed, or spied upon.
Have you ever wanted to play the markets, but didn't have the necessary capital to get started? Bitcoin makes this possible
. Circumvent currency controls... that is possible too.
BITCOIN IS AS REVOLUTIONARY AS THE INVENTION OF of the automobile or the aeroplane, x and y. The chances that it would appear in the world is as rare as but whereas those technologies were explosive, Bitcoin is implosive.
If Bitcoin does indeed take off, it will be strange to live in a world where prices go down, not up. Value will be diced into ever more microscopic units, instead of ballooning into the stratosphere. In a Baudrillardian way, it is perfectly appropriate. Bitcoin is the perfect currency for the Age of Implosion.
Web 3.0: A Primer
BITCOIN IS NOT ONLY A CURRENCY, IT IS A NETWORK. It is an implosive
network at that, expanding exponentially into interior space.
Imagine a new Internet which was truly decentralized, in which every computer was a server, sending and receiving files
It is not just an idle dream; this is achievable now. Through Namecoin
, a new World Wide Web could be created which was censorship proof, and also tradeable. While browsing on this platform, imagine that every artefact that you encountered -- be it GIF, JPG, MP3, or even a snippet of poetry -- had its own mediachain
, detailing its origin and its intellectual property rights. Smart browsers
could skip over intrusive cookies and ads, and would allow you to tip the creators of content which enriched your life. Data pirates like Google could be superseded by Teal-colored DAOs
: cut out the middlemen; reward directly content creators! Mind you, it is possible that a content creator could be your toaster, or a thermostat in Siberia! As Jaron Lanier opined, every gadget deserves to profit. That said, even a toaster can crash the Internet.
It goes beyond the Internet. Smart contracts
could replace lawyers. Your public key could become your passport, and the store of your reputation. Worried about sweatshop labor conditions? Imagine if you could see the factory where your sneakers were made, just by scanning its barcode.
That is one vision of the future... Kim Dotcom
Create a virtual nation with likeminded others, backed by your own virtual gold standard
. The world's your oyster. BitNation
is coming. If you want to stick with your old country, Futarchy might become the norm.
Every person is a country, and now even time can be traded
In the gap between the currencies, as the interface between them, there is Ripple
The Network Effect
There are not one, but seven Bitcoin network effects
As one visionary
has written: "A liquid can be supercooled into a state that can support crystals, but no crystals form because there are no initial crystals that the liquid particles can attach to. However, once a tiny impurity, or “seed” is introduced into the liquid, a crystal will form around it and grow quickly until the liquid has been absorbed. By this metaphor, the supercooled liquid is the world as of a few years ago, ripe for a monetary revolution, and the seed is the initial bitcoin purchase."
Bitcoin is the implosion, and implosion is the Network Effect.
When the World Wide Web was young, there weren't so many websites to look at. You would surf from site to site, all completely different to each other. There were no niches at this time, but that didn't matter... the thrill was a new publishing format in action. Some of those sites might still exist, but they have been drowned out in the explosion of the Web.
My premise is this: technology is the biggest driver of social change. When humans invent new tech that is better than the older tech, the newer tech takes over.
As of May 2017, the Bitcoin blockchain comprised 107 gigabytes of data.
» Liquid Democracy
» Zero Net
DISTRIBUTED AUTONOMOUS CORPORATIONS
» Best Bitcoin Exchange
Tips for investing here
In every transaction, a hash is created with a time stamp, nonce and other details.
Unfortunately, the cryptosphere is crowded with scams.
» Pump & Dumps
I HAVE developed an algorithm to predict the price of Bitcoin compared to the US dollar, and other assets. Generally, my premise is that the basic value of Bitcoin doubles every year, or 6% per month to be more precise. But depending on the mood of the market, the price can rise up to 1200% above the basic value at any time... (to read more, click here
UNIVERSAL BASIC INCOME
IN RECENT YEARS, ACTIVISTS AND SOCIAL CAMPAIGNERS HAVE SUGGESTED THE CREATION OF A UNIVERSAL BASIC INCOME
TO AMELIORATE THE EFFECTS OF AUTOMATION IN THE WORKFORCE. It is a noble idea, but there is one problem: what government can afford to pay for it, especially once they start losing control of money supply? However, What if you could monetize the activities of your ordinary life, such as performing searches on the Internet, or driving to the beach? According to its whitepaper, the Ubex platform
will enable the owners of websites who prove statistical data for training of the system core, to receive UBEX Tokens as a reward for their actions (similar to mining). In fact, 5% of the income from all Ubex transactions will be distributed to data providers. The Ocean Protocol
aims to create a marketplace where citizens and corporations alike can trade data, thus ending the monopoly of "data barons" such as Google and Facebook.
RECOMMENDED WEBSITES & WEBLOGS
Brave New Coin
Coin Market Cap
Elliptic (Security & Compliance)
The Mises Circle