Bitcoin will lead to limitless energy and freedom
Bitcoin has a solid floor - the cost of mining (compute power and energy). The dollar has a solid floor - The cost of oil. Even if bitcoin remains just above the cost of production (as at time of writing) it will eventually be seen more as decentralised gold.
The biggest threats to both the dollar and bitcoin are advances to technology in renewable energy and computational power.
Free energy, which is scoffed at by many industrialists and scientists is very close to the grasp of humanity. Even if we cannot easily tap into the ionosphere or whatever technologies is said to be suppressed by predatory patent sitters or even a bigger conspiracy by science - it doesn't matter.
The amount of energy falling on the earth from our local star is equivalent to mega-tonnes per second. Solar electric panels and solar thermal efficiency is hitting the top end of efficiency, but production cost reductions and deployment is still in it's infancy. China dumping cheap panels on the market will trickle down.
Intel knows this and is investing to compete with the ASIC miners. This will spur on another element of computing competition we have severely missed since the dominance of Intel over AMD. I just hope that Intel creates an alternative that can be multitask into general computing so that mining can decentralise and democratise the mining community again.
Some day we can hopefully live in abundance, growing our own healthy food for pleasure, making art and innovation and partaking in the global economy in a decentralised way. With a solar panels and miners built into our PC passively earning money to create universal income and we can trade with our local and global neighbours and the system will equalise slowly across the world as the petrodollar dependency diminishes.
It incentivizes us all to create more energy in a more efficient way which will eventually lead to abundance and awakening in the information age.
Bitcoin teaches the world how the system works. It is not the bubble. It's the pin.
