Tuesday, March 24, 2015

but, how do you convince your boss to pay you in bitcoins, when he works for the bank?

i remain skeptical about this stuff. but, it might make some sense on the other side of automation, which is the actual revolution we're on the brink of.

retail is now the largest part of the economy, and it's on the brink of being replaced by robots. when that happens, we're looking at a highly productive and almost jobless economy.

where bitcoin makes some sense, in this context, is as a rationing tool to ensure roughly equal access to goods.

but, if you're putting your faith in the future of a currency, you're really just daydreaming as the car heads towards the cliff. the trends are pointing to a distributive system where currency, as a medium of exchange, is largely obsolete.