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RE: A Warning Message From Time-Traveler For Our Cryptocurrency Generation

in #bitcoin7 years ago (edited)

Very interesting @adsactly. History tends to repeat cycles. One cycle is that about every 84 years the USA ends up in some sort of major war (revolutionary war, civil war, WWII and again 2024?). The generational cycle resets every 20 years or so. This timeline lines up with what I've been expecting, so if it's true, then bitcoin seems to have found a scaling solution (Perhaps Lightning Network, Schnorr signatures or something else).

In the near term, I expect market cap to begin to spread out into the altcoins because of bitcoin's scaling issues. I realize that bitcoin doesn't have to fill the medium of exchange for now since there are altcoins, but most of them don't have scale yet either and haven't been tested as fiercely as bitcoin. The ones that do scale interestingly enough are Steem and Bitshares and potentially EOS in the future assuming this project goes without a major hitch (All Dan Larimers projects incidentally).

One last thought... Government has relied on unlimited money for too long so I can see a scenario where the USD no longer exists post 2020. While unlimited money has made large scale war possible, once the money is gone, war will eventually be small scale again. Wondering what happens with all those nukes and nuclear energy plants though. Until these machines are eradicated from the earth, there will still be great danger.