This is all techno-babble fantasy of a post-apocalyptic novel.
In the real world a post-apocalyptic world won't have enough food to sustain basic labour, all global supply chains will cease to exist and skirmishes for arable land and drinkable water will take over. Anything remotely needing cooperation on a greater scale than a local community will be absolutely broken.
Plenty of old hardware that will cease to function in 5-10 years won't help a post-apocalyptic society for long. Constant brown outs and blackouts due to a shortage of labour, maintenance capacity (parts and labour) will absolutely wreck any chance of mining using electricity. The scarce electricity, be it solar or some lingering power plant that can continue to function with lowered maintenance will be needed to sustain life, not trade.
Solar panels need a quite complex supply chain, photovoltaic cells are a high-technology product.
Bitcoin won't exist in a post-apocalyptic scenario. This is a teenager fantasy of how humans work, and a technocratic one at that...
summon is the wildest energy. its like handing your keys to a feral racoon on bath salts.
i once had to file a claim after a tesla on summon backed out of its parking space and directly over my motorcycle, crushing it against a barrier wall with such unrelenting force it pushed the cylinder head covers into the gas tank. this claim was a real tit spanner because the owners cut-rate insurance company flat-out refused to cover it since the driver wasnt in the car. it took nearly a year of subrogation but mercifully they settled.
The thing with debt is, that you have to pay it back eventually - and you have to pay interest on top of that.
With software you can avoid the "pay it back" part - simply by retiring the software entirely.
But you cannot avoid the interest - as long as you keep maintaining and supporting the software, the debt present within, will cause extra work and extra pain.
That recurring interest can accumulate to the point, where it's more expensive to pay the interest, than it would be to just throw everything away and start from scratch. But you can't retire the old code before the new code is ready to replace it - and you don't have the capacity to write the new code while all your effort goes into maintaining the old code.
Your existing developers increasingly burn out on maintaining the old code, some might even quit, and you are unable to hire new developers, since they'd rather sign up for another company that isn't that deep into legacy problems.
This is the dead end you want to avoid - and the best way to avoid it, is to get rid of any technical debt as soon as possible. It's okay to make the strategic decision to take shortcuts in order to meet a deadline or keep a customer - but letting the resulting debt accumulate is not sustainable in the long run.
Crypto needs to solve a problem. I think cryptocurrencies should focus on making a cheap currency that people can actually use.
requirements:
- low transaction costs
- low volatility
- many places where you can pay with it
- secure
- privacy
- no tax problems
- fast transactions
- handle fraud
- scalable
If a crypto currency can solve above points by cutting out the middle man and making transactions virtually free instead of paying 1.29% + 0.25c per transaction that would be huge.
But that is a big if. Bitcoin fails at almost all of the above points. The only coin that comes close is Nano (I've got no investment in it). They solve fast, secure, scalable and cheap transactions, which I think are the main problems right now. Read their whitepaper, it is interesting. Whether they can solve the other problems remains to be seen.
The door refused to open. It said, "Five cents, please." He searched his pockets. No more coins; nothing. "I'll pay you tomorrow," he told the door. Again he tried the knob. Again it remained locked tight. "What I pay you," he informed it, "is in the nature of a gratuity; I don't have to pay you." "I think otherwise," the door said. "Look in the purchase contract you signed when you bought this conapt." In his desk drawer he found the contract; since signing it he had found it necessary to refer to the document many times. Sure enough; payment to his door for opening and shutting constituted a mandatory fee. Not a tip. "You discover I'm right," the door said. It sounded smug. From the drawer beside the sink Joe Chip got a stainless steel knife; with it he began systematically to unscrew the bolt assembly of his apt's money-gulping door. "I'll sue you," the door said as the first screw fell out. Joe Chip said, "I've never been sued by a door. But I guess I can live through it."
IDs have become a joke. People have been handing them out for copying to hotels, websites and apps like candy.
We need to replace IDs with chips that do not give away their secret key but only sign stuff you throw at them.
So when a website or hotel wants to know "Hey, are you really Joe Doe?" it sends this message to the "ID" and the "ID" sends it back with "yes" and signed.
This way we can identify ourselfes without giving the other party the ability to identify as us from now on.
In the real world a post-apocalyptic world won't have enough food to sustain basic labour, all global supply chains will cease to exist and skirmishes for arable land and drinkable water will take over. Anything remotely needing cooperation on a greater scale than a local community will be absolutely broken.
Plenty of old hardware that will cease to function in 5-10 years won't help a post-apocalyptic society for long. Constant brown outs and blackouts due to a shortage of labour, maintenance capacity (parts and labour) will absolutely wreck any chance of mining using electricity. The scarce electricity, be it solar or some lingering power plant that can continue to function with lowered maintenance will be needed to sustain life, not trade.
Solar panels need a quite complex supply chain, photovoltaic cells are a high-technology product.
Bitcoin won't exist in a post-apocalyptic scenario. This is a teenager fantasy of how humans work, and a technocratic one at that...