Thirty, forty, or fifty years in the future… What are your dreams or visions? Will some major price change happen? Will countries do something about bitcoin?
I try to not make predictions in Bitcoin exceeding thirty or forty days into the future… because the best way to be correct is to not make predictions. The future is very harsh when it comes to predictions.
The worst part is, if you make a really stupid prediction, you will go down in history books, as the guy who said: “The world will only ever need one computer,” or the guy who said: “Electricity is a fad for the Paris fair, and it will disappear as soon as we dismantle the Eiffel Tower.” Wrong on two counts in the history books.
I can’t do a prediction out to thirty or forty years. I do know that the country, as a system of organization, is being severely threatened by network-centric organization on a global scale.
Today, of the 10 largest populations in the world, 4 of them are countries, and 6 of them are internet applications.
Facebook is the most populous concentration of human beings on the planet:.Youtube, Instagram, WhatsApp, WeChat etc. Somewhere down the list is China, India and The United States.
The world has already changed. Whether that will affect countries, we will see. Balaji Srinivasan once said that the future of politics will not be left versus right. It will be ‘land’ versus ‘cloud.’
Most of the world still lives on land, but some of us now live in the cloud. Land wants to keep us tied up and tax us based on where we live, but we don’t live in any specific place. We travel by air all over the world.
This will be the dominant battle of the future: the global community of the networked versus the landlocked feudalistic past. But again, we must wait and see.