What Will Bitcoin Look Like in Twenty Years? - Deepstash
Harnessing Blockchain Technology

Learn more about technologyandthefuture with this collection

Understanding the basics of blockchain technology

The benefits and challenges of using blockchain

The future of blockchain technology

Harnessing Blockchain Technology

Discover 57 similar ideas in

It takes just

8 mins to read

Prediction is a tricky business

Prediction is a tricky business

Chaos theory tells us it's impossible to predict the future. We can't see the black swan events or unexpected technology, but we can do a Monte Carlo analysis and see the major pathways.

Reasons people get the future so wrong:

  1. They dedicate about five minutes to looking at something before they form an opinion on it.
  2. It goes against everything people understand about the world.
  3. Because it challenges their position of power. They can't see clearly because they are the main beneficiaries of the current system. 
  4. They mistake opinion for reality.

11

49 reads

Principles to help us predict the future

  1. Patience. Things take time to develop naturally.
  2. Observe, don’t interpret. If people can manage to observe without interpreting and filtering what they see, they can get a clearer picture of the future.
  3. Don’t graft today’s solutions onto tomorrow’s problems. Current inventions solve current problems. Future problems will take new solutions. 

9

26 reads

The Bubble Bursts

The Bubble Bursts

People in and out of crypto see them as a bubble that will pop, causing prices to crash badly. They're right, but it is just the beginning of the story. After the pop, real working ideas will emerge.

Crypto, blockchain and triple entry accounting are probably the most important invention of the last 500 years, so they're not going to go gently into that good night. The bubble burst is just the next step. Three years after that, the tech will really mature and take off running.

10

29 reads

Government Cryptocurrencies will Flourish

Government Cryptocurrencies will Flourish

Government cryptos will be a very, very bitter pill to swallow for current true believers in the crypto space, but they better get used to them. They will outlaw physical cash, and they will do it under the guise of one of three excuses:

  • Stopping money laundering
  • Stopping terrorists
  • Stopping crime

In a decade or two, expect every strong government cryptocurrencies to come to power and dominate most of the flow of money. Government crypto will represent a complete corruption of the idea of decentralised crypto and apps. But it won't matter. It will happen anyway.

10

19 reads

Decentralized Cryptocurrencies Will Become a Parallel Economic Operating System for the Planet

Just because centralized cryptos rise to prominence doesn’t mean the decentralized cryptos will go away. Many governments will try, but they’ll fail to stamp them out. 

The reasons are simple: The same factors that make it hard to form consensus across a blockchain, make it hard for all the world’s governments to agree on anything. If all countries can't agree, then decentralised crypto will stay.

9

27 reads

Blockchain is Just the Beginning of Decentralized Consensus

  • Blockchain is only the first successful implementation of decentralized consensus mechanisms. There are many others like IOTA's Tangle and HashGraph and many more to follow.
  • It's also strongly possible that none of these systems will be designed by humans. Instead, AI's will rapidly iterate on ideas and come up with systems that no individual ever could if they had a hundred years.
  • One or two of these systems will dominate all coins and rule them as a meta-system.

11

19 reads

Crypto Will Get a LOT Easier to Use

Today’s user experience in crypto is awful. Mistype something or copy and paste wrong, and your money disappears forever. If there’s a software glitch or someone hacks my computer or phone, my money is gone forever.

We’ll need algorithmic approximations of the controls we have now for giving money to people we want and keeping it out of the hands of people who want to rob us. We also need the system to protect us from accidents, death and going insane.

11

54 reads

We’ll Learn We Didn’t Know Anything About Economics

All of our economic theories are based on studies conducted with limited data in the analogue age of ink and wood pulp. All current economic theory will prove about as advanced as cave paintings as we experiment with new economic systems.

New coins are micro-economic systems at war. Many will fall by the wayside. 

AI will track statistics in real-time around the globe, and we'll be able to track global production and manufacturing with precision.

10

21 reads

The Gig Economy Will Grow Big Time

People from the World War II generation had one or two jobs their whole life. Today we have five or six. Tomorrow’s people will have five or six at the same time.

Half of those income streams will be automated and passive, likely some kind of crypto UBI. We will also see the rise of AI job matching services. The machines will know your capabilities and skill sets and match short term gigs to you so you don’t even have to look for a job.

10

18 reads

The Blockchain Will Enable All Kinds of Evil

Crypto enthusiasts will have to come to terms with the fact that the blockchain can and will enable as much evil as it does good.

Nothing is all good or evil. Everything exists on a continuum. You can kill someone with a gun, but you can also feed your family by hunting. Water sustains life, but it can also drown you or even poison you. Open systems tend toward centralization, and with enough time, central powers can and will corrupt any system to their own ends.

11

31 reads

Four Dominant Meta Coins + 100 Minor Coins, and State Coins

At the moment, we're making coins for everything. But you don't really need a coin.

Coins will start to shake out into various meta categories:

  1. Deflationary Saver Coin - for hoarding and investing.
  2. Inflationary Spender Coin - mirroring the dollar.
  3. Action Token - for actions on the network that should be free, like voting or sending text.
  4. Reward Token - a digital representation of karma, incentivizing good behaviour and punishing bad behaviour.

A universal system can be built with these four coins. All other coins will act as a subcomponent.

10

15 reads

Bitcoin Has a 50/50 Chance At Surviving

Bitcoin Has a 50/50 Chance At Surviving

Bitcoin has a first-mover advantage. It's the first of its kind and dominates the global market share. However, it also suffers from significant flaws that could kill it.

It's the Model T of the blockchain revolution. 

  • It has no built-in governance. To change it, a proposal should be submitted where almost everyone agrees, or a new project should be started, and hard fork it.
  • What if China turns the Great Firewall on it?
  • What if governments simply build a data centre and secretly designed ASICs to run the system?
  • What if hostiles just decided to round up all the core developers?

9

19 reads

CURATED BY

antfr

Primary school teacher

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates