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The Almighty Buck

Submission + - Bitcoin may be an economic singularity (blogspot.com)

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."

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"I have more information in one place than anybody in the world." -- Jerry Pournelle, an absurd notion, apparently about the BIX BBS

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