Breezy on Nostr: Human civilization began with the adoption of agriculture resulting in increased ...
Human civilization began with the adoption of agriculture resulting in increased population density, specialization, and trade. The industrial revolution resulted in increased urbanization, exponential energy use, and even more specialization and trade.
Everyone is aware of how technology improvements change the lives of the commoner; it could be just me, but I had not thought deeply about how the rate at which technological changes happen may cause damage to the societal fabric and even cause geo-political balance changes.
Not that this is the only factor that caused these events, but places where industrialization took place fast experienced major societal traumas afterwards: Europe - Revolutions of 1848, Japan - Meiji Restoration, China - Great leap forward. Place where the pace was slower had more time to transition - the United States.
Technological upgrades to the economy are good in the long term, but may cause damages to society in other ways that may be unexpected. Not that we have control in how Bitcoin adoption takes place, but It may be a good thing that the pace at which we transition from the current monetary system to a Bitcoin system be slow.
Assuming Bitcoin is the base layer of the next monetary system, countries that transition voluntarily and methodically over decades will fare better than countries that will be forced to transition in a year.
Everyone is aware of how technology improvements change the lives of the commoner; it could be just me, but I had not thought deeply about how the rate at which technological changes happen may cause damage to the societal fabric and even cause geo-political balance changes.
Not that this is the only factor that caused these events, but places where industrialization took place fast experienced major societal traumas afterwards: Europe - Revolutions of 1848, Japan - Meiji Restoration, China - Great leap forward. Place where the pace was slower had more time to transition - the United States.
Technological upgrades to the economy are good in the long term, but may cause damages to society in other ways that may be unexpected. Not that we have control in how Bitcoin adoption takes place, but It may be a good thing that the pace at which we transition from the current monetary system to a Bitcoin system be slow.
Assuming Bitcoin is the base layer of the next monetary system, countries that transition voluntarily and methodically over decades will fare better than countries that will be forced to transition in a year.