practicaldreamer



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Hero MemberActivity: 770Merit: 500 Re: 80 richest people on the planet have the same wealth as the poorest 50% January 20, 2015, 06:48:59 PM #13



Technology, I believe, is fast approaching being able to formulate new games. Games whose rules are rational and arrived at via consensus. We will choose to play because the advantages to all who participate will be obvious - and to not participate would be to render oneself ill suited to the new world and its new democratic and participatory paradigm. Technology will, so to speak, transcend certain academic debates by putting practical solutions into the hands of people - and the answers that were always illusive, will instead,in practice, be made manifest.









Quote from: outahere on January 19, 2015, 01:48:21 PM The difference with Bitcoin is that inflation will decrease and the wealth will eventually be irrevocably distributed.





Define wealth. Strikes me that wealth is amorphous. From where does wealth originate ? Where do we locate value ? Bitcoin will never, in spite of deflation, have a monoploy on value (or wealth). So it can only ever be seen as a part of the solution - obviously. The game is one not of our choosing, played to rules not of our design, and played in an alien venue. And we lose everytime.Technology, I believe, is fast approaching being able to formulate new games. Games whose rules are rational and arrived at via consensus. We will choose to play because the advantages to all who participate will be obvious - and to not participate would be to render oneself ill suited to the new world and its new democratic and participatory paradigm. Technology will, so to speak, transcend certain academic debates by putting practical solutions into the hands of people - and the answers that were always illusive, will instead,in practice, be made manifest.Define wealth. Strikes me that wealth is amorphous. From where does wealth originate ? Where do we locate value ? Bitcoin will never, in spite of deflation, have a monoploy on value (or wealth). So it can only ever be seen as a part of the solution - obviously.

Cluster2k



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LegendaryActivity: 1695Merit: 1018 Re: 80 richest people on the planet have the same wealth as the poorest 50% January 21, 2015, 06:40:56 AM #18 Quote from: Wendigo on January 20, 2015, 09:07:13 PM If the medicine advances so much in the future as to prolong the life expectancy to like more than 200 years than it's worth collecting huge amounts of money. Right now it's just getting golden toilets, Bentleys and chocolate desserts with golden toppings for $100k. Thanks but no thanks.



Past a certain point every one of life's needs and wants are fulfilled. That's when people start going silly buying their fifth Ferrari, competing with friends on who can get the biggest diamond, and how many villas they have that never get used.



The one thing they can't buy is more life. Not even Steve Jobs, with billions of dollars to spend on the finest doctors and medicines on the planet, could live to a ripe old age of 60. Past a certain point every one of life's needs and wants are fulfilled. That's when people start going silly buying their fifth Ferrari, competing with friends on who can get the biggest diamond, and how many villas they have that never get used.The one thing they can't buy is more life. Not even Steve Jobs, with billions of dollars to spend on the finest doctors and medicines on the planet, could live to a ripe old age of 60.