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The Almighty Buck

+ - Bitcoin may be an economic singularity->

Submitted by
richie2000
richie2000 writes "If the growth of bitcoin continues exponentially like most widely useful technologies, it will only be on the order of years—not centuries, not even decades, but individual years—before virtually everyone is using it.

The standard term for such a rapid change is a “singularity.”
Robin Hanson predicted an economic singularity.
Bitcoin, as I will argue, is that singularity."

Link to Original Source

An adequate bootstrap is a contradiction in terms.

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