[ExI] What happens when Bitcoin goes to a million bucks?

BillK pharos at gmail.com
Thu Nov 14 12:40:34 UTC 2013


On Thu, Nov 14, 2013 at 12:07 PM, Brent Allsop  wrote:
> The internet and the world wide web were a great opportunity.  Lots of
> people got stinking rich, making the world a far better place.  Bitcoin is
> yet another one of those, built on the internet.  As we continue to fall
> into the singularity, the significance of these types of opportunities, and
> the rate at which they occur, will continue to explode, as the next ones are
> always based on, and enabled by, the last ones, making everyone even more
> stinking rich than the last one, at an ever increasing rate.
>


Viewed from an alternate universe, a few people got stinking rich
while millions were driven towards reduced income, poverty and
unemployment, natural resources were consumed at an ever increasing
rate and environmental pollution and destruction increased.

More of the same appears like the Gates of Hell are opening wide.

BillK



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