I remember the moment when a friend asked me what I thought about Bitcoin. Having no opinion, I shrugged my shoulders. That was, maybe, seven years ago? Hmmm. Did he buy a coin way back then? Check this out.
My son Colin is a convert to cryptos. Which means that he and I have not been able to avoid talking about it! Meanwhile, as I try (and fail) to understand what a “blockchain” is, I’m reminded of my now deceased father’s advice, after my new wealth (from an inheritance) was severely crippled by a bad investment: “Never invest in something you don’t understand!”
But, as Colin says, “I don’t have to understand what a blockchain is — other than that it’s a ‘distributed ledger,’ so no need for central banks. I don’t need to understand the mathematics behind it. I just need to trust those whom I trust that DO understand, like Clif High and Bix Weir.”
Yesterday, after I had forwarded to him both what Mike Adams and James Howard Kuntsler say about cryptos (both are very much against it, and to me, at some level, their grudges do read like sour grapes), he sent me this video. You might want listen to at least the first half of it.
What interests me especially is Bix’s claim that cryptos have arisen just in time, because “nobody trusts bankers anymore; in fact nobody trusts anybody anymore!” — and this is a system built not on trust, but on math!
And I do find his main argument cogent: that we need a parallel system to develop alongside the old failing fiat currency system, in order to make sure that when the current system collapses, the entire structure of civilization doesn’t crash too, and, as he says, starve, and otherwise kill millions, even billions of people, especially in cities, due to the “just in time delivery” methods of modern transportation.
Perhaps we will look back upon cryptos as a needed, indeed crucial, transition from the old centralized economy to a truly new one, a thoroughly decentralized ECO-nomy where humans learn to recognize our place in Earth’s interdependence of all species; a time when, from total distrust, we switch to complete trust — in each other, in all of Nature to support all those who live and love within her fantastically brilliant, complex, and equilibrated Web of Life.
In short, let us learn from Nature. Nature doesn’t use money. Nor does she need cryptos! All of Nature cooperates, each part continuously taking only what it needs and giving back to the whole.
Meanwhile, I’d like to ask, what kind of “economy” does an advanced extraterrestrial civilization have? I googled that question. Here’s one (somewhat lame) attempt at answering.