Bitcoin answers the Byzantine General’s problem, but could it also answer the [Drake Question](https://en.wikipedia.org/wiki/Drake_equation) too?
Bitcoin answers the Byzantine General’s problem, but could it also answer the Drake Question too? If we use the Drake Equation to estimate the number of intelligent and technically advanced civilizations on other planets, we are left with a question as to why we have not found alien life. This results in a very frightening conclusion that there must be a Great Filter at some point that acts as an impassable barrier. Often, this is speculated something like a biological filter—such as the jump from one to multicellular organisms, or where a civilization develops the capacity to destroy itself through nuclear warfare and then promptly does so... But what if the filter is not resource depletion, biological hurdles, or nuclear holocaust, but what if it is instead an economic filter? We can easily see that government’s grow to whatever size they are allowed to grow by economic reality. That is, governments grow and grow, inefficiently consuming resources and inhibition progress, but eventually they seem to hit a wall and collapse as inflationary pressures build under the economic pressure of poor financial management until people exit that currency in favor of another. In other words, government’s ability to continue grow is limited only by their ability to maintain control over the economy they parasitically leech off of. We can imagine a situation where a failing government that has full control over what currency its underlying economy uses to the point where they could prevent people from switching to another fallback currency, and thus short circuiting the hyperinflation failsafe that keeps government economically constrained from the runaway destruction of resources. It is fairly clear that the monetary trend before Bitcoin was toward centralization and digitization—e.g. the European countries transitioning to use the Euro. Eventually, this would have resulted in a currency monopoly (as money is a natural monopolistic market), of which some governmental body would have absolute control. In this situation, with no breaker-like failsafe in the form of hyperinflation, it is reasonable to conclude such government would grow and grow until it strangles the underlying economy past the point of what would be hyperinflation failure into what is a more permanent economic death that spirals into a socialist dystopia until there is no productivity left for the parasite to leech off of. But we have Bitcoin, so that scenario can never happen here on our planet. Perhaps other alien worlds developed a comparable level of technological advancement only to have all of that progress destroyed by some alien version of Karl Marx and authoritarian governments that forced economic control upon their alien worlds through control of whatever centralized currency they used to the point of total annihilation. What if we passed the Great Filter in 2009?
How is it that https://en.wikipedia.org/wiki/Mobile_commerce and https://en.wikipedia.org/wiki/Mobile_payment and https://en.wikipedia.org/wiki/Social_peer-to-peer_processes don't even mention cryptocurrency - let alone Bitcoin (Cash)? /r/btc
25 November 2017 $9,000 Bitcoin surpasses the $9,000 mark for the first time. 28 November 2017 $10,000 Bitcoin surpasses $10,000 for the first time. 29 November 2017 $11,000 Bitcoin surpasses $11,000 for the first time. 5 December 2017 $12,000 Bitcoin surpasses $12,000 for the first time. 6 December 2017 $13,000 Bitcoin surpasses $13,000 for the first time. 7 December 2017 $14,000 Bitcoin surpasses $14,000 for the first time. 8 December 2017 $15,000 Bitcoin surpasses $15,000 for the first time.
Why is no one creating [Hawala](https://en.wikipedia.org/wiki/Hawala) like service with Bitcoin?
It seems that with enough users participating (perhaps just tapping the existing localbitcoin users) we could allow others to send money around the world in a fiat of their choice using bitcoin for the cross border settlement. We could use the trust network involved in localbitcoins or just make participants escrow a certain amount to participate. Any thoughts?
Hi, I have been using CoinBase but recently ran into some issues with their service. I tried to create a Kraken account but because of my place of residence I'm not allowed to use their service. What is the best place I can buy/trade crypto (lowest fees, best security) in WA state?
About two days ago I bought $1000 of bitcoin, which is the daily limit for Gemini. I wanted to buy more so I tried to deposit cash into my account and be able to get more that way but the transaction was denied and now my Gemini account is showing a negative balance for USD but the money never went through. So now if I deposit the 500 I tried to put in a couple days ago will that zero out the balance and make me loose $500 for no reason? Or will that money just be able to be accessed to trade for crypto?
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