One of my friends told me a principle a long time ago. I do not remember the name of that principle but I still remember what was it about. The main idea of that principle was that
when society reach some level of development some inventions simply show up and it is not relevant how much effort society put into this. Simply some ideas and inventions will happen
itself, independently on our offert. Unfortunately, when it comes to ideas and inventions which we wish to happen sooner it require a lot of offer or maybe we can even say that we need to have that level of development anyway but we are making it short by put effort into specific areas and research.
How is it relevant to the bitcoin market and cryptocurrencies?
If you reconsider this it is easy to imagine that cryptorcurency is something what had to happened. We were be around for a long time, right? It is actually surprising that t did not happened earlier. There was the right environment for it for so long time and it was not just the internet but also paypal, online shops, vouchers. The most similar to cryptocurrencies are actually micro-transactions in free-to-play games. If you are familiar with the algorithm of bitcoin you know that it is using something called “proof of work”. This has a beautiful analogy in free-to-play games where proof of work are hours you spent by lumberjacking or fighting with enemies.
Close you eyes and imagine our world when most of jobs are done by AI so, people to complete tasks is no more needed. Of course there will be
jobs where it is not easy or even possible to replace humans. But when is most of work done by machines doesn’t make sense that the value of property you have is derived from a computer
power available to you? Of course it does not mean that you have to have these machines it more like an idea that you world share/contribution is determined in computer units
rather than in mandays.