RE: Unpopular Opinion: Satoshi’s Vision is a Pipedream. + 1SBD for the Best Counterargument
My counterargument goes like this:
As new cryptocoins continue to proliferate, new kids of distributed ledger technology and new transaction confirmation methods will be devised, with wildly diverse potential impacts on the decentralization or concentration of wealth. These will become contenders in a partly competitive, partly collaborative process of diversification and selection. That is what crypto portends for the future of money in the marketplace.
Each person is individually susceptible to their own mix of media categories and rewards. Already there are algorithms that can look at our Likes — even without reading what we post — and infer things about us, things like whether we are already pregnant and when we are likely to out ourselves as gay, before we know them ourselves. Enticements can be tailored to us, using appeals that each of us finds as irresistible as beach vacations, bacon smell, kitten pics, or porn — whatever cranks our tractors.
While some coins will offer and perhaps even deliver privacy, other blockchains will accumulate and expose to the world Big Data about each of us that once was known only to Google, Facebook, and our credit card issuers. This accumulation will suffice, not only Big Brother, but also a plethora of Little Brothers, to target us with precisely those enticements that we cannot resist, rewarding us with coins that are specific to our desires.
Each of us will be specialized by the mix of coins we seek, drawn along our individual pathway through the world economic polyhive as if by a trail of pheromones in front of us. The hive will be a strange one, with as many multi-specialized castes as it has ants.
The super-rich and super-powerful, the Zuckerbergs and Putins, will not be immune. They will be pulled along their coin-lined pheromone trails by their susceptibilities, just like the rest of us.
When enough people cannot be enticed to do what the economy requires without hope that the vision of Satoshi Nakamura will be realized, then such hope will be manifested in the coins that the global hive drops in front of them.
The people who bring into existence those coins and the ledgers they embody will already, by then, have been lured and rewarded into specialization for this impressive task by the invisible smithy hand of the evolving polyhive.
In other words, the media nöosphere that rises from the confluence of all enterprises will select among a proliferation of cryptocoins to make Satoshi's vision real, because nothing less will suffice to keep a key sector of the population motivated and economically productive. Since the freight must ship, the dreams must flow.