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Comment by tossl568 | Hacker News Reader

Yes it is. And yes it will.

The future of the global economy is being actively shaped in emerging power centers in Eurasia/BRICS+, not by idealistic libertarians in the West.

Care to elaborate? What activities or policies from Eurasia/BRICS+ are you referring to?

Zoltan Poszar lays it out clearly: https://plus2.credit-suisse.com/shorturlpdf.html?v=5h1o-8SW-...

The url/page looks dodgy but you can confirm it's CS.

Power centers have to contend with the largest source of power, the human population of the world. They go to great lengths to prevent it from being coordinated by dividing populations, and they do exercise true power, but at the end of the day they still have to react to what people want and do. If people begin to use bitcoin and the like, they'll find a way to preserve what they can of their power in that environment. They're not omnipotent, they don't win every fight they take on.

There are all sorts of ideologies (including the one you describe) contingent on the masses spontaneously, and effectively, coordinating in pursuit of a common goal.

However, they never describe how this will occur, except by some miracle. Practically, you'd need to control a sizeable chunk of the global media, internet, etc.

It's especially ironic coming from libertarian circles, because hyperindividualists pride themselves on not participating in mass psychology.

Bitcoin has grown to the size it has by people voluntarily opting in. And it continues to grow. What you desribe is happening.

There are no indications that Bitcoin will ever reach even 1% of global transaction volume.

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