Bitcoin will flourish not only because it is the best monetary technology, but also because it is the money that is most aligned with human nature's basic values.
.png)
I looked at how technology shapes human civilization in The Bitcoin Rorschach Test. Only individuals having access to industrial-sized resources or political power could design, develop, or produce technology on a large enough scale to have an impact throughout the majority of humanity's existence. We may now break free from these constraints thanks to the internet and the rise of the peer-to-peer economy detailed in this article.
opens the floodgates for the great majority of the world's people to become makers and developers of technology that affect our civilization's path without the scrutiny or influence of a privileged few. The ramifications are enormous and profound: a world in which the nature, function, and form of the technologies that define our lives are created by individuals interacting directly with other humans, rather than by states and enterprises. A monetary technology that is compatible with this spirit is required for this to be a long-term, significant cultural revolution.
Our world has been shifting from an industrial production economy to an information-based economy since the mid-nineteenth century. Value is produced largely through manufacturing material goods in an industrial production system. To produce items on a large scale, you'll need a lot of money to buy the raw ingredients, the physical infrastructure or machinery to turn them into finished goods, and human labor to coordinate the process.
All of which are out of reach for the majority of the world's population. As a result, the majority of people are unable to shape or influence the tools and technology they use in their daily lives in ways that better suit their needs or solve their issues. Instead, they must make decisions based on the preferences of a small group of people, whether it's about clothing, building materials, food, tools and machines, or medicine.
