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Societal collapse... or something else? The Bitcoin Endgame
126 sats \ 4 comments \ @0207a984de 15 Dec 2023 culture
I doubt Bitcoin will be massively adopted in order to avert a societal collapse. From what I've seen with how people are thinking about Bitcoin in it's 10+ years of existence, it's very rare to find people who understand how it solves so many issues from financial fraud perpetuated by government to limiting the ability to wage wars. It's still mostly a "weird geeky phenomenon" and at best "get rich scheme" to the average joe. It's just how we are, as a society. We can't expect more from people who use TikTok and vote for geriatric politicians into office.
So how does this all end? I think those with Bitcoin will flock, collect, and collaborate in places where the people are enlightened to the Bitcoin way. I don't know if it's El Salvador or Argentina or somewhere else. But it probably won't be the US or Europe in the near future. Maybe from the ashes of collapse and after millions of people starve to death, people will start to catch on that the only people not starving at the ones holding Bitcoin. And the correlation will be undeniable at that point.
It's kind of a miserable end, but people are far more reactionary than contemplative.
Are you guys seeing a different future?
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121 sats \ 3 replies \ @SwearyDoctor 15 Dec 2023
The internet was originally conceived as a decentralized network that could survive nuclear war, but the internet architecture as it exists today will not survive societal collapse. Without the internet, bitcoin will be all but inaccessible (yes, yes, I know there are ways; but the average person can't use those, and if a handful of super maxis have that access, it'll be useless if you can't widely transact in it because nobody else does). So from here alone.. bitcoin's future is predicated on avoiding total collapse...
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0 sats \ 2 replies \ @0207a984de OP 15 Dec 2023
I think even if major countries societies collapse, the internet infrastructure within thriving Bitcoin-based countries would be stable within themselves. Kind of like a giant LAN at that point, but I don't see any issue with that. Maybe there would be some issues with global nodes and miners being unreachable and so we end up with a split blockchain or something, but that seems far-fetched too.
I don't think all societies in every country will collapse at the exact same time.
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21 sats \ 1 reply \ @SwearyDoctor 15 Dec 2023
the physical infrastructure of the local internet will be, yes, but the network infrastructure, in a globalized world, is not in that country. Think of how everything in the Western internet runs on AWS. If the US goes down, which is more likely than a global south country going down, this is gone, at least for a while. Also cloudflare. there are some backbones that are not part of these countries, which would be an argument for building a local internet infratructure, as some countries have had to do. (Iran, for instance, will be just fine.)
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0 sats \ 0 replies \ @0207a984de OP 15 Dec 2023
ohhhh i see
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