That means that you try and not break the system of value that you’ve created, because that would be the equivalent of a violent revolution, because people’s property rights would get broken. That means that you continue to modify the standards, it means that you continue to modify the code base. So, let’s assume that bitcoin continues to adapt, because it builds a governance structure that allows it to continue to change relative to the challenges it faces. It’s 15-20-30 forwards you have to be thinking. There’s no way to know.īut this is what we mean when we start talking about the future. It might become a standard that will last a really long time like the internet, or it might roll over very quickly. the successors will solve other problems. Bitcoin is a ripple on an incredibly rapidly accelleration. And in this context you then place bitcoin. If you’re an individual and you’re looking at this kind of world where you’re trying to plan your future, you’re responsible for thinking 30 years forwards. If you are a big player, a hedge fund, if you’re a regulator, if youŕe the state, you’re responsible for making plans 30-40 years forward. Look forward 30 years, nanotechnology, biotechnology, replicator engineering are everyday parts of life. Look forward 20 years, solar substantially cheaper than any other kind of power available. Look forward 10 years, the ubiquotous use of clothing, construction. Levi’s is making jeans that are laced through with spectra today you can buy them for about £80 a pair. So you look out 30 years this stuff is going to be everywhere. It’s just dirt cheap long chains of carbon atoms axially aligned with the forces. This stuff will cut into wood half an inch. And sometimes I demonstrate this by having people pull on it in teams,Ĥ-5 people on each side. The breaking strength of that piece of string is in excess of 400 kg. Everybody see that? So, spectra is a nanomaterial. This yellow cable that I have around my keys is a material called “spectra”. So, when you hear people talking about 10-15-20-30 year projections forward and they don’t talk about the exponential fall in energy prices, they’re living in a fantasy land. It is an absolutely ubiquitous part of human life. It gets deep inside of the structure of things like bitcoin because of the ratio of costs. So, on the order of every decade, the price of solar panels halves.ģ0 years out you can rationally expect the price of solar panels to be less than a 10th of what it is now, and as a result the entire global energy landscape will change.Įnergy relates to every single economic process we have. Solar panels have fallen in price by 7% a year, every year for the past 40 years. ![]() So, let me give you an example of something that’s changing in a semi-predictable way right now, which is the price of solar panels. It’s the kind of horizon over which people plan something like a mortgage. It’s the kind of horizon over which people plan their financial futures. If you’re 40, that’s by the time you’re 70. Make sure the subtitles are on when you watch the talk, they help in a few places where the crowd noise is really loud! We’ll talk you through the process of doing a video this way some time! Key section: the last question gets into whether bitcoin is an Anarchist or a Libertarian breakthrough, and the relationship between anarchist and libertarian aspects of the bitcoin governance problem. Talk covers bitcoin, its competitors, governance, the future, resilience to change, the hexayurt project, and living in a nine billion person world. ![]() Lucas Gonzalez and I did a transcript and subtitles. My Bitcoin Expo London talk – now with subtitles. Nearly everything in my life revolves around extreme stress management, and cutting the fundamental stress is where I’m going to get the slack to take better care of myself with. I am going to have the luxury of actually writing a lot of code this year, and we’ll see where that takes us. It’s a strain and a challenge, it’s who I used to be, and I’m damn good at it, in my way. I’m really enjoying writing software again. (I should be asleep, but I can’t quite get rolled over) ![]() Still not sure about the keyboard, it sounds like a typewriter factory in here!Ĭonfiguring Ubuntu 13.10 to work with the IBM Model M keyboard without a Windows Key / Super Key Excuse the long title, it’s to help people search for this post – took me ages to find out how to make this work.ĭone.
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