Post
Topic
Board Bitcoin Discussion
Re: The blockchain and it's timing in history.
by
Flatulenters
on 08/03/2015, 20:24:37 UTC
Hey, I never stated that bitcoin would spark a revolution. Revolution is a result of the existing social structures failing, and this failure is correlated with the financial health of that society.
My point is that bitcoin is a viable(better) alternative to the autoritarian, untransparant monetary system. An alternative that might lead to a beter awareness of the abuse and misuse of financial power that currently is in the hands of centralised entities that do with it as they please.

I believe that the public awareness combined with this new technology could lead to a modernisation of our monetary system just like enlightment led to the evolution of our ideas about religion, art, science, filosofy and politics.
The monetary system is one aspect of society that didn't had an evolution during this big wave of modernisation because the basic conditions, namely the need of a trusted 3'd party did not change. The ideology that controls monetary system has seen different applications but the essence of how it works stayed the same.

This is what the blockchain is capable off. For the first time in 5000 years, we can have a monetary system that doesn't need and does'nt rise and fall with a central authority behind it. This is the first time we can have enlightment of money. Society and how the  monetary power is distributed to ensure we have a form of continuity can be fundamentally different for the first time.

You can entice people to spend their hard earned "value" other than hitting them with the stick that is called inflation.  Use a carrot instead! You'll just have to make it a better deal for people to spend it rather than save it all. Peoples needs don't go away after all.

Btw, it's part of the illusion that the same value keeps getting pumped around right now. The truth is, it syphones out of the system you and I use and enters a private system that is the sole playground of the big entities that control the whole thing. Meaning, we spend and only they save.