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

Kelly Anderson kellycoinguy at gmail.com
Thu Nov 14 19:25:58 UTC 2013


On Thu, Nov 14, 2013 at 6:23 AM, Mirco Romanato <painlord2k at libero.it>wrote:

> Il 14/11/2013 09:08, Kelly Anderson ha scritto:
>
> > I get all these advantages of Bitcoin. The question remains as to how
> > this specifically relates to the Singularity. Sorry if I'm being dense
> > here, it is late.
>
> In the past we (humans or protohumans) moved from a social group formed
> by collaborators (help others) AND exploiters (exploit collaborators)
> AND not collaborators (do not collaborate but are not exploited).
>
> This configurations limit the group size and the type of cooperation
> possible.
>
> The advent of the altruistic punisher v1.0 allowed the group to flourish
> and become larger (it limited the number of exploiters in small groups).
> Larger groups were able to wipe out smaller groups and most important to
> not be wiped out by natural causes (like wolves or hyenas packs).
>
> Then Altruistic Punisher 2.0 come out and instead to punish just the
> exploiters & defectors it punished them AND the individuals unwilling to
> join the punishing efforts. This allowed the groups to grow larger and
> larger, without real limits of sizes, because larger the group less
> costly is the punishing effort.
>
> But, as larger groups we changed the environment around ourselves in
> many ways. This allowed the exploiters and the defectors to find new
> strategies to exploit the collaborators and the punishers without being
> detected or making the punishing unsustainable.
>
> Politicians and bureaucrats are in  position to exploit people with
> little or no repercussion to their reproductive fitness, because they do
> it with many degree of separation and are able to deflect blame in many
> cases.
>
> In many cases, this is done by writing and continuously changing rules
> and administering them to regulate the conflicts between individuals (at
> least this is the stated rationale). This confound the individual at
> individual level because in many cases he is unable to tell if someone
> act with malice or is pushed by other forces to act in the way he act.
>
> Bitcoin and the blockchain, acting as a ledger of properties and
> possessions, is able to take away the obscure and intricate rules of
> laws and the discretion they are enforced with.
> If a rule is decided between two parties, the rule can not be broken.
> If the majority accept a rule, it can not be changed easily after by a
> minority, interpreted differently and so on. There is no "depend of what
> the means of is is", because if someone is able to change the mean of
> is, it must change it for all at the same time (and it would not be
> pretty to see the after effects on everyone him included).
>
> Without central banks to be able to redistribute the wealth from
> producers to exploiters (a little elite) a lot of more capital could be
> accumulated by producers making their lives better and allowing them to
> thrive and produce even more wealth and science and technology.
>
> Without judges and prosecutors able to selectively enforce rules a lot
> of bad laws would be striked down.
> Without the money, a lot of police would not spend time running around
> to punish people for victimless crimes.
>
> And so on.
>

Mirco, I couldn't have said it better. I believe I agree with every word
you have said, and it was brilliantly stated. Thank you for that.

I'm still struggling with the tie in to the Singularity. Are you predicting
that the Singularity will bring an end to big business, big government, and
empower the intelligent?

-Kelly
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