What does hyperbitcoinisation look like to you? \ stacker news ~bitcoin

What does hyperbitcoinisation look like to you?

1634 sats \ 15 comments \ @davidw 30 Jan bitcoin

After today's SN post of mine on what a lost decade could look like for bitcoin as an investable asset, I figured I'd check-in on what people think that bitcoin's mass adoption event/era looks like?

How would hyperbitcoinisation be defined by you?

For me, hyperbitcoinisation would be a time of great investment, positivity & return of value to all other areas of the economy. Prosperity of many people. Businesses piggy-backing on-top of the Bitcoin Standard. For businesses to be generating value and profits, that could match/exceed Bitcoin's growth again. People would have quite-frankly adopted it without realising so. And strangely enough for Bitcoin to be quite a bit boring, like Gold is today. Those to me could be the potential signs of hyperbitcoinisation.

It has been asked before here on SN, 18 months ago, but now might be a good time to revisit those comments too.

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132 sats \ 2 replies \ @Natalia 30 Jan

I see it more like people going back to do what they love, living a peaceful life and releasing all creativity - earning and spending in Bitcoin, and only for those things they actually need.

Many businesses would be obsolete because people have time to learn real skills and stack knowledge themselves; and things would be done mostly by p2p, with people you know and trust.

Governments slowly obsolete too.

78 sats \ 1 reply \ @davidw OP 30 Jan freebie

I do like the sound of that.

Especially with more and more of the world's products being possible to be made by fewer people. I like to think that P2P means more craftsmanship and quality, even if not necessarily hand-made. Allows them to be custom-made to individual tastes and personalities too.

2 quotes from the Diamond Age come to mind:

Technology had made nearly anything possible, and so the cultural role in deciding what should be done with it had become far more important than imagining what could be done with it.

Hand art demanded commitment from the artist. It could only be done once, and if you screwed it up, you had to live with the consequences.

albeit still foreseeing a fickle mass consumer market:

The people here...were all working on mass-market consumer products, which by and large were not very demanding. They worked in symbiosis with big software that handled repetitive aspects of the products. It was a fast way to design products, which was essential when going after the fickle and impressionable consumer market.

Every engineer in the hall, designing those toasters and hair dryers, wishes he could have his job in "Bespoke", where...no atom was wasted and every subsystem was designed specifically for the task at hand.

50 sats \ 0 replies \ @Natalia 30 Jan freebie

yes, and I'm only saying what's happening to me - crafts that last or average things from big brands? there is a no-brainer!

I think more and more people would crave for uniqueness and quality, especially Bitcoiners.

208 sats \ 0 replies \ @nymkey 30 Jan

Most comments here are very accurate.  It will become a truly fair world.
Those who produce will be wealthy and store 'time' as a reward for their
efforts.

Nevertheless, there are some bumps ahead of us.  Countries and groups
will fight to control Bitcoin wealth and will try to attack those custodians
and people who own UXOs... they will go after those who confirm blocks
every 10 minutes and it may get ugly and messy for a while

Many powerful and wealthy families of today a0re not willing
to relinquish their power and influence and will do whatever is needed
to destroy Bitcoin's true value: freedom.

When rulers will not be able to print more money to finance their wars and
corruption, they will do everything to possess as much Bitcoin as possible.

By then, fiat will be obsolete and no one will accept it for any real good or
service... maybe, in some lost communities, gold coins or collectibles will 
still retain some value after thorough inspection...

All will look at these early days wondering how come it took so long to
be globally understood.

22 sats \ 0 replies \ @harrr 30 Jan

Hyperbitcoinization means that governments will try to steal all the bitcoin they can.

85 sats \ 1 reply \ @03479d0ee6 30 Jan

Savings will be incentivised, people will work on things that actually deliver value, the real workers, builders will get more, parasitic jobs like managers or burocrats will receive less than a builder/worker because no one will want to spend a lot of sats for a guy to do some excel and powerpoint. So everything superfluous will have an hard time. People will probably have more time for other activities.

21 sats \ 0 replies \ @davidw OP 30 Jan

Makes sense. Oh how I hope Bitcoin deletes PowerPoint from civilisation.

21 sats \ 0 replies \ @tip_nz 30 Jan

Hyperbitcoinization = definancialization

All the funds moving around huge institutions will dry up as the new generation learn how to custody their own wealth. More innovations will make this process more user friendly. Capital will flow where it needs to go, peer to peer, to those who create value.

No more parasite economies and zombie companies.

1 sat \ 0 replies \ @030e0dca83 30 Jan

When I'll be able to buy hot chocolate or pay in local grocery store will be hyperbitcoinization for me

0 sats \ 2 replies \ @earthcakes 30 Jan

I see hyperbitcoinization as a very personally sovereign society. Individuals easily manage networks and protocols that form and shape their own digital experience. It's tough to imagine how this occurs, but I imagine that everybody will run some sort of validating node-like entities. Individuals will be directly credited for the value of work contributed. Hidden algorithms that quietly run the background of our lives will be brought to the surface and turned into more utility-like models. It's almost like the possibilities fade into an opaque blur that we have yet to materialize, but we all know the potential for a revolutionary change in digital mediums is upon us. Just how far does it go?

25 sats \ 1 reply \ @davidw OP 30 Jan

So will that become the primary form of monetisation on the internet do you foresee?

Like proof of copyright, made up of verifiable prisms, dividing rewards amongst the contributors. Or did I misunderstand?

Unlike today with copyright copy being added to every website on the internet without firms actually filing for copyright protection 😅 it can be inside each passage of content.

103 sats \ 0 replies \ @earthcakes 30 Jan

No, I think you're in tune with my original thought here. Copyright is a great example. I noticed this potential via NFT marketplaces and the model that always credits the creator. I've been thinking about this in regards to Nostr and relays, comparable to BTC and nodes/channels. Sparking interesting thoughts here @davidw thanks for the reply!

0 sats \ 0 replies \ @nicosey 30 Jan

It will happen and what it does it will not be talked about. Think of the internet year, pre 2000 and post 2004

0 sats \ 0 replies \ @kurszusz 30 Jan

Just a simple reply that represent my vision about hyperbitcoinization... Right now it exist a "digital war" between some big institutions (like Grayscale, Blackrock, etc) to own "tons of Bitcoin"... So...just imagine when this type of war will exist between simple users, and not for Bitcoins...just for 10-15 satoshi's! ;)

21 sats \ 0 replies \ @Eobard 30 Jan

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