Quote from: iTradeChips on August 17, 2021, 11:08:58 AM

Quote from: CryptoBuds on August 11, 2021, 12:36:57 PM

Your article is a bit longer but very interesting.

When the Internet was invented, people climbed another stage of civilization. The first step of type-1 civilization is global computer networking. Through this, a revolution took place in the system of communication and exchange of information.

Now in the case of the economy, The only currency that is performed its activity by using computing power is Bitcoin (pioneer).
The most widely discussed and attention-grabbing system in the economy right now is the blockchain system aka Bitcoin. Its pervasiveness is from the very marginal stage to the government quarters. It has revolutionized the way money is exchanged. Only Bitcoin is eligible to be recognized as a global currency. When it will be recognized as a worldly currency, it would be considered as the currency of a type-1 civilization.

Bitcoin is decentralization. Decentralization means not controlled by a central authority. I am not sure how Bitcoin plays out in a type-1 civilization where man has total control over its resources and also total control over the planet's mechanisms. I don't think that a type-1 civilization is decentralized. Maybe I am wrong but Bitcoin should not be controlled or governed by any authority. What would be the role of Bitcoin when there is one central power that governs all over the earth? That is the only possible way a type-1 civilization will survive, by becoming the sole authority over the whole planet.

Yes, Bitcoin is completely decentralized, and no single force can completely control Bitcoin. There is no force that can tamper with the information in the Bitcoin ledger. Does Bitcoin have any ultimate significance to human civilization? In my opinion, it is the ideas behind Bitcoin that influence the evolution of human civilization. Through various encryption projects, human civilization is practicing the real Bitcoin idea, is changing the way of social governance, and is revolutionizing the world's financial system. Decentralization, equality, freedom, harmony, and transparency, these are real Bitcoin thoughts.