Kings Ransom
This lightbulb was first sparked up by this guy called Wei Dai
This asymmetry in public key cryptography is why
We can hash out on our mining rigs in search of reward
& cos it’s P2P & free I micropay what I afford
– Jamie Shelly, “Bitcoin Song”
From ESPN – The Sacramento Kings announced Thursday that they will become the first professional sports franchise to accept Bitcoin virtual currency.
Team owner Vivek Ranadive said he became interested in digital money when “My kids would go to games and ask why we didn’t accept Bitcoin.”
The Wall Street Journal notes that Ranadive, who apparently has the coolest name among sports team owners, plans to have his coaches use Google Glass on the sidelines. WSJ also points out that “Sacramento, the 19th-largest market in the NBA, is better placed for this initiative than almost anywhere else. On the edges of Silicon Valley and boasting a steady influx of high-tech firms of its own, the city is plugged into a ‘tech mind-set’ to which bitcoin appeals, Mr. Ranadivé said.”
For a while now, I’ve been seeing a major paradigm shift on the not-so-distant horizon. Whether it will happen fast or unfold slowly, I don’t know, but it’s coming. Digital and crytpocurrency is just part of it.
Quite a few people have been predicting an economic or even a total civilizational collapse. Another sizable part of the population seems to assume society will continue to progress unimpeded no matter what, driven by forces of history. I’m not sold on either view. I can see more and more people working for themselves, selling their services to each other, largely via internet. A Korean artist designs a CD cover for an Australian guitarist and a drummer in Japan who started a band and ship their t-shirts to America through Amazon, all of them getting paid through Paypal or Litecoin. I don’t have a fully developed concept just yet, but I envision a large scale decentralization across the entire spectrum – economic, political, social, technical, and more.
Doesn’t that bass line sound a little like the opening riff to this song?
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I woulda called it “Kings Hoard” but I didn’t want to disappoint all the Warcraft fans.
Posted on January 18, 2014, in ♫ ♪ ♫, Economic$, Science!, The World That's Coming and tagged economics, music, science, the future soon. Bookmark the permalink. 3 Comments.
nightskyradio 
Do you ever listen to Stefan Molyneaux’s stuff? He’s really big on bitcoin. It’s fascinating! Peter Schiff on the other hand is not big on it at all, and the two have had friendly debates.
Liked the two music vids. Didn’t try the “Sound of Money” one yet because my computer screamed Stop–some viral entity of doom lurks there, apparently.
I’ve only heard/seen a little from him, and not about Bitcoin. Not sure if I’ve heard of Peter Schiff. John Stossel is huge on Bitcoin (in fact, I found this from him yesterday – http://jewishworldreview.com/0114/stossel011514.php3#.Ut3ZmLSIaHs).
i’m seeing Bitcoin as just one aspect of a massive decentralization. Whether it will happen or not, I don’t know, but that’s how it looks to me.
I think I see it the same way.
Stefan Molyneaux is quite a mixed bag to me. I don’t know how viable anarcho-capitalism really is (though it’s looking progressively less worse than I would have thought before) and sometimes you have to parse through his annoying evangelical atheism, but a lot of the bitcoin stuff has been informative.
That was a useful link. I understand the economics very poorly, but my impression is that Peter Schiff is looking at it from an investor point of view, or as a commodity, and not appreciating it as an emerging alternate form of doing transactions.
http://finance.yahoo.com/blogs/breakout/peter-schiff–bitcoin-intriguing–but-isn-t-going-anywhere-145651979.html
I think bitcoin’s going to hold up better than Schiff suggests, though no-one should bet on my economic opinions.