RE: Steem Bounty - Is Bitcoin a Chaos Proxy? Share Your Thoughts and Get Rewarded
I'm not sure I completely understand the statement, but if it's about the decentralized and 'liberating'/ 'empowering' aspect of it, with the anarchist roots.. then no, I'm not too worried about Chaos.
Bitcoin is a thing which in itself cannot do anything. If Bitcoin is a proxy for chaos, then so is FIAT money or gold, or anything else that people can freely exchange. The means of exchange themselves are not responsible for how people use it or what they do with it.
I suppose one might argue that Bitcoin may make it easier to create chaos than it would be in a world without Bitcoin. But the same could be said for many things, such as the internet itself.
Humanity, as well as society, has a tendency to figure things out eventually. Despite many end-of-the-world predictions and other sensationalism, we're all still here. Society may change, but humans will forever be the same. Even if Bitcoin causes a revolution, I think it's likely that post-revolution it will be much of the same as pre-revolution, except in a different form.
Just look at history.. You can go back 3000+ years and find the same stories over, and over, and over, and over.
edit: Also, that being said, chaos is not a bad thing! My favorite philosopher, and my favorite quote of his, Friedrich Nietzsche: "One must still have chaos within oneself, in order to give birth to a dancing star."
All creation is destruction is creation!
Order leads to stagnation, and quite frankly, a dull world.
Chaos has some order :-)
With Bitcoin being a chaos proxy I believe the professor meant that a price increase would go hand in hand with more chaos/less confidence in the current (financial) world. As in, people fleeing into crypto because they lose trust in the status quo.
Maybe.
The whole 'fiat money is failing, flee to crypto-liberty!' thing is catchy and interesting for sure, but honestly, how many people do you know who are into crypto because that is their main motivation?
Personally, I think 90% of us are here because of some kind of FOMO. The rest is icing on the cake.
It's not a push away from the old financial world, but more of a pull exerted by crypto.
Good point, that is probably true. Currently the biggest push from the stock market is just plain fiat money I guess. And once people have the money there 'safe and sound', they might take a second step and see where to get a bit of profit when they allocate their money to that particular asset class.
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