Post
Topic
Board Speculation
Re: Is bitcoin the most important technological achievement of our lifetime?
by
anu
on 04/03/2014, 09:56:41 UTC
Medical science saves lives.

The current fiat money system* costs us 50% of our incomes as compared with a system where money is not simultaneously someone else's liability. How about counting all the suicides this causes. But worse, that system is set up to facilitate wars (imagine a war that must be financed from running tax revenues).

If you have ever witnessed the workings of the IMF/World Bank/Asia Development Bank in the 3rd world, you'd be absolutely disgusted about how much evil well intentioned people do there which could not happen without the ability to create SDR from thin air.

I'd say a medical advancement that is as important as Bitcoin would have to be something truly fundamental, like reversing ageing.





* A different fiat money system (greenbacks) may even be worse