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by kleer001 3063 days ago
Financially it will continue to be a bubble machine and generate periodic spikes and pops that cross successive powers of ten in BTC:USD until in a decade or so it reaches a couple or a dozen trillion or so market cap ($750K/$1Million : 1 bitcoin). After that governments will start to really get worried and it's anyone's game. A few people with new obscene wealth will change a little bit in the world, but in general nothing will change.
1 comments

Governments are already quite worried. If it reaches the 10s of trillions marketcap it may be too late for them to stop it. And you’re not understanding the scope if you think that means nothing will change.
I'm looking at the scope of generations, of centuries. By nothing I mean the human condition will still persist. Power will momentarily move from some families to others. Some will have enlightened ideas about how to treat the vulnerable, and a few will enact it. But that's about it. Power will continue to corrupt.