Any advanced alien civilization would have developed blockchain and digital currency. The speed of light would still limit commerce.
Thursday, April 25, 2019
"Bitcoin: Beyond the Bubble", documentary short gives the history of blockchain and cryptocurrency
“Bitcoin: Beyond the Bubble” (Full Documentary), directed by
Tim Delmastro, 35 minutes, with interviews and animation, from 100th
Monkey Films, gives a lucid explanation of how Bitcoin and decentralized
digital assets evolved.
The film starts out with a photo of Bretton Woods, NH, as it
looked in 1944 when the world’s leading democracies set up the gold standard,
which Richard Nixon dissolved on August 15, 1971, creating the concept of fiat
money. That’s odd, as it led to Nixon’s
price controls, as I recall.
But the dollar note, backed up with the gold reserve at Fort
Knox, had always been the world’s “reserve currency”. Porter Stansberry and even Ron Paul have said
that removing that idea could lead to world financial collapse.
Digital currency is backed by the work it is done to create
it, solving complex mathematical problems (akin to mining gold). The proof of
value is stored on a decentralized but linked ledger called the blockchain.
Therefore no government can meddle with its value.
Other “value” could be stored on the blockchain, such as
Internet content, in danger of being taken down by censorship. In a sense that gives
the content potential value convertible to tokens (“dark currency” maybe).
The film compares the block chain to Bit Torrent, as P2P
software which was developed as Naptster was taken down. The Winklevii (associated with Mark Zuckerberg
at Harvard) had developed Bit Torrent.
Yet, the irony is that the financial world could still try
to capture the blockchain world and then lock people out, as is warned at the
end of the film.
One speaker, named Byrne I think, looked like Steve Bannon.
Any advanced alien civilization would have developed blockchain and digital currency. The speed of light would still limit commerce.
Any advanced alien civilization would have developed blockchain and digital currency. The speed of light would still limit commerce.
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