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

[Brent Allsop]

Hi Bill,

So, let me ask you this.  The internet dissrupted most all industries.  
Lots of dumb, inefficient pockets of capital (i.e. large companies that 
did not adapt very fast) had their wealth taken from them, and given to 
the new upstarts that could better see the future - making everything 
WAY more efficient.

So, other than a few rich dumb bastards that did not deserve the wealth, 
is anyone in the world today worse off, because of the internet?

Brent


On 11/14/2013 5:40 AM, BillK wrote:
> 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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