Phenomenally disproportionate returns

In 2013, during the biggest bitcoin bubble to date, I remembered that I had some bitcoin on an old hard drive. I unscrewed it from the netbook and plugged it in, uploaded the wallet to blockchain.info and found 0.97 BTC, worth approximately $1,200 at the time. I thought, I guess I'll never see returns like that ever again. Of course I couldn't expect anything close to 12,000% returns, over a few years, more than once in my lifetime. Surely it was just a fluke.

Funnily enough, today I do own 4500 Synereo AMPs, that I bought for $10, which at time of writing are worth around $750. And of course, from my time and effort on Steemit, having got in early in the game, I've certainly been well rewarded. Now, that's interesting. That indicates that, maybe, just maybe, what I experienced was not a fluke - but instead, the start of a new trend.

Cryptomillionaires and everyday angels

Bitcoin has made a sort of "angel investing" available to all of us. We can invest at the launch phase of a coin -even at a point years before the company even has a prouct. People can invest and see profits in the 1000% over a few years. Of course, many of these projects will fail - just as many businesses will fail.

(As an aside, it's unusual that we have the term "shitcoin" to deride altcoins, but no parallel term to attack start-ups, though obviously they also fail frequently... I suggest "fart-butts").

What kind of world will we soon live in, when anyone with the right tools and a small amount of capital can multiply it by 10 or 1000 wihin a few years? What does that say about the future prosperity of humanity?

Of course, there will be bubbles, scams, manipulation, crashes and disappoinments. There will also be thousands or millions of crypto millionaires, who make ridiculous amounts of wealth by discovering new opportunities very early on, and thereby assisting the development team to bring their vision to reality.

The gentle rich

What will this world of the future look like? Of course, we will have many new, fascinating technologies crowdfunded using cryptocurrency. We will also have this new breed of wealthy, casually exerting influence on economies.

In my experience, Bitcoiners do tend to be kinder and gentler than the average person - and that's why Bitcoin naturally appeals to them, because they're seeking a system which isn't controlled by central bankers and fractional reserve bankers, made possible by a violent monopoly on currency. They seek a system which is honest and not supported or in support of violence. Many will even start a Bitcoin pitch with "here is a technology which may end war".

Soon, the world might look less like a handful of rich people manipulating governments. It will be thousands or millions exerting their gentle influence - in a more decentralised manner - bringing the benefits of decentralisation to the concentration of wealth.

About me

My name is Kurt Robinson. I grew up in Australia, but now I live in Guadalajara, Jalisco. I write interesting things about voluntaryism, futurism, science fiction, travelling Latin America, and psychedelics. Remember to press follow so you can stay up to date with all the cool shit I post, and follow our podcast where we talk about crazy ideas for open-minded people, here: @paradise-paradox, and like us on Facebook here - The Paradise Paradox

Some other cool posts

Please check out our recent podcast post about an unusual economics lesson originating from aliens, or from psychedelics:

Ideas are the currency of gods