The Intergalactic Case for BTC...
Posted by CaptainKirk 3 weeks, 5 days ago to Economics
Again, I know that most of the Gulch don't believe in BTC as a form of Money.
And, personally, the fees are too high to use it as Currency (daily, and small transactions).
But, let's imagine we are invited into an intergalactic environment, with many different planets involved.
Also assume that Gold is super common on many of these planets, as are diamonds, but on some others there is none.
Since they are more advanced... They handled this by creating a form of Money on the BlockChain.
With something they call "Credits". And it turns out, you basically find an on-ramp by selling some of your "assets"
for some of these "Credits". And they are digitally held, just like BTC. But there is a KNOWN Limited supply, so
there is no counterfeiting. Used for a Century in these advanced cultures.
Everyone generally accepts Credits, and Everyone is also willing to barter.
The point is that BTC is the closest thing to a FAIR form of Money that could span a galaxy.
In fact, because of the differences in resources among Planets... It MIGHT start to make more sense.
Everyone thinks Gold, Silver. We know FIAT CASH is trash. The government counterfeits it, and calls it inflation.
It will have ZERO value in the future.
While Gold and Silver will always have some value. Imagine the nightmare of operating with a Species where Gold is as prevalent as LEAD for us. Gold would lose its lustre.
But you will NEVER run into a Species that basically "Prints Credits" for free (like our Federal Reserve does, and those
Magic Computers in the government have been doing).
JUST a thought exercise. Again, BTC is, to me, a very fair way to transaction.
Especially because it cannot be controlled.
And while it requires Electricity and the Internet... Any dealing with space aliens that does not involve electricity is simply a take over move anyways...
Curious if this puts a different perspective on it for anyone.
The Video is 5m long, and it started my thought process...
And, personally, the fees are too high to use it as Currency (daily, and small transactions).
But, let's imagine we are invited into an intergalactic environment, with many different planets involved.
Also assume that Gold is super common on many of these planets, as are diamonds, but on some others there is none.
Since they are more advanced... They handled this by creating a form of Money on the BlockChain.
With something they call "Credits". And it turns out, you basically find an on-ramp by selling some of your "assets"
for some of these "Credits". And they are digitally held, just like BTC. But there is a KNOWN Limited supply, so
there is no counterfeiting. Used for a Century in these advanced cultures.
Everyone generally accepts Credits, and Everyone is also willing to barter.
The point is that BTC is the closest thing to a FAIR form of Money that could span a galaxy.
In fact, because of the differences in resources among Planets... It MIGHT start to make more sense.
Everyone thinks Gold, Silver. We know FIAT CASH is trash. The government counterfeits it, and calls it inflation.
It will have ZERO value in the future.
While Gold and Silver will always have some value. Imagine the nightmare of operating with a Species where Gold is as prevalent as LEAD for us. Gold would lose its lustre.
But you will NEVER run into a Species that basically "Prints Credits" for free (like our Federal Reserve does, and those
Magic Computers in the government have been doing).
JUST a thought exercise. Again, BTC is, to me, a very fair way to transaction.
Especially because it cannot be controlled.
And while it requires Electricity and the Internet... Any dealing with space aliens that does not involve electricity is simply a take over move anyways...
Curious if this puts a different perspective on it for anyone.
The Video is 5m long, and it started my thought process...
