Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
iamnotback
on 18/01/2017, 22:27:55 UTC
Essentially I don't see crypto-currency's killer feature to replace what we already do with fiat paradigms. I rather see it opening up new capabilities that we can't do with existing fiat based, centralized systems.

CoinCube says the monetary systems can't bifurcate:

Thus what ever the cause of Leftism, I view it as a diseased religion that is on its deathbed as it culls itself because knowledge and technology are ready to move forward out of the Industrial usurious (high concentration of fixed capital) Age into a maximum division-of-labor (highly diversified annealing, low concentration of capital) Knowledge Age.

If the fundamental driver of leftism is usury then a decline in leftism is unlikely to proceed a decline in usury.

To reiterate, my thesis is that the economy may be bifurcating:

Yes, I disagree with the bifurcation part of your thesis.

On what rational grounds?

How is the usurious system placing any limits on growth of the Knowledge Age? Sorry I don't see it. I see it accelerating everyday.

Humans are not driven primarily by money but by their passions. That is why the monetary systems can diverge. The usurious system provides their tangible needs. The knowledge age feeds their passions.

I think you aren't aware of the revolution that 160 IQ genius Eric Raymond wrote about, helped drive, and well underway?

http://www.catb.org/esr/writings/magic-cauldron/magic-cauldron.html

Familiarize yourself with a gift culture and how it is orthogonal to physical needs.

Also the knowledge age is global and instantaneous already, but the usurious financial systems can't provide all functionality required. So this can be another reason for bifurcation. The Knowledge Age is already under way and can't wait for the decades it will take for a world government and some world currency unit that has a central bank controlling it so can be fractionally reserve debased (necessary for usury).