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

[Kelly Anderson]

On Thu, Nov 14, 2013 at 2:17 PM, Mirco Romanato <painlord2k at libero.it>wrote:

> Il 14/11/2013 20:25, Kelly Anderson ha scritto:
>
> > 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?
>
> The Singularity will bring, for sure, enhanced ways to cooperate and
> collaborate, increasing the productivity of the productive individuals:
> allowing faster and freer economic transactions without the need of a
> third party is just one of them.
>

All right, but this is happening now, prior to the Singularity.

I think there will be big business but, without a big government
> granting them privileges, they will be forced to be a lot more useful or
> the competition will eat their lunch with no remorse.
>

Fortunately, Bitcoin does accomplish this IMHO.


> What is the point of a Singularity or living an unlimited amount of time
> or be mentally, physically and ethically enhanced if we need more
> government to run our lives.
>

Amen brother! Can I hear an Amen!!!


> We don't want become like Gods to live like Z the Ant.
>
> Bitcoin show that many things done by the government can and should be
> done by the market, by the people. And the people can and will do a
> better work than any government.
>

As I look at the chart in the blog:
http://bit.ly/1amBcrP
Here is a link directly to the chart, in case he releases another blog or
someone is looking at this in the archive:
http://bit.ly/1amBcrP

The one thing that I have to say that Bitcoin and the Singularity have in
common is that they are both based upon the idea of exponential curves.
There are those who clearly argue against both curves, and that's ok. But
to the true believer, exponential growth, whether it be of things that will
lead to the Singularity or things that will lead to their personal wealth,
is a key concept. It's also a key concept for those who predict the doom of
mankind by resource depletion (Malthus,  Paul Ehrlich, et al).

Will Bitcoin help enable the Singularity? It certainly makes it more
difficult for individual governments to outlaw things that might lead to
the Singularity (should it be viewed, correctly, as damaging to the status
quo). This week
http://online.wsj.com/news/articles/SB10001424052702304439804579205740125297358

-Kelly
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