Bitcoin Futures

Despite some recent bans dropping the price of Bitcoin, I believe it is still a market to watch. I think that a Bitcoin (and similar cryptocurrencies) are more useful as a money/value transfer system than simply as a currency. The weak points tend to be the exchanges and perhaps size of the blockchain, but I believe future currencies can learn from this. Even Bitcoin can be modified based on code from other implementations. I am interested in observing this new class of commodities over the long term, for it will be a wild ride.

BitVote: Cryptodemocracy

While encrypted currencies have been gaining attention as of late, other uses of a distributed, encrypted network are available. Bitcoin and many of its alternatives use a file called a blockchain as a register of transactions and network activity.

Now, the main issue is the size of the file can increase greatly as the number of coins/activity/transactions does. If Moore's Law tapers off and no rare earth substitutes are found, much electronic technology could stagnate (and with it, a potential hard limit for cryptocurrencies). However, even if this is the case, smaller networks could be spun off to act as nodes or regional/national alternatives.

One potential idea is voting and political activity. Imagine if instead of just currency, a "proposal" file could be sent out to multiple addresses on the network, and then positive or negative (or "modify") votes be tallied up. The success/failure of a proposal (as well as versions of a proposal) could be recorded in the network, available to all. There is the risk of vote manipulation (as with most democratic systems), but another variation is delegated voting, similar to how the Pirate Parties operate. Any designated delegate would have their record open and able to be recalled at any time. Another idea is that each 'block' of addresses could be further subdivided (like Bitcoins can) to assist with smaller scale decision making. Also, any "voter" could propose a law or changes to it, as with Swiss semi-direct democracy. Perhaps even a "judicial" branch or clade could argue over reforms, much like under the wiki system. I also imagine setting up a "Bill of Rights" or user terms could act as the "social contract." Of course, it need not be grand, as it might be scaled for university clubs, sports teams, or corporations as well. 

I imagine such a system could exist independent of an existing polity. It could also reinforce democratic and desirable representative aspects and limit non-democratic aspects. There are two primary ways (or a combination of them). One is that the digital democracy acts on a regional/local level, and another is that it's distributed across the world in the manner of a distributed republic. In addition, it could be combined with cryptocurrencies and crowdfunding to achieve its goals (such as building non-profit groups to run 'utilities,' funding legal/political campaigns within the existing system, etc.). Whether the local government is a dictatorship, representative democracy, communist state, or monarchy, the members of such a network could be harder to locate, and would be able to manage funds/resources independent of existing polities (or offer alternatives to them). Eventually, users of such a tool may take or be elected into office themselves, moving it from an alternative system into the new mainstream. Plenty of ideas start off seeming crazy, but become the ruling law as people age and new generations replace them.  

Heterotech Computing and Electronics

One issue that could adversely affect the widespread adoption and use of electronics is disruption of supply chains of the conventional commercial entities manufacturing them. Despite the potential reuse of materials and e-waste from landfills and second hand shops, there are heterotechnical alternatives (if less efficient for now).

Now, computers and electronics are two separate things, as Babbage engines and the abacus are both computing technologies that do not require electrical energy. More exotic alternatives, such as biocomputers, may integrate other forms, but for purposes of this entry, we will focus on electronic computers.

Copper and iron may be used to make rudimentary analog components, even with antiquated manufacturing techniques (e.g. blacksmithing). Even microcircuitry might be manufactured in similar ways, such as with silver nanoparticle using 3D printers and that's before considering graphene.

The primary issues of these heterotechnologies relative to conventional CMOS are power, scale, and computing time required. They would be bulkier and require exotic feedstocks (in the case of bacterial computing), making information recovery and storage a bit more of a hassle. Likewise, the risk of utilizing bacteria is an unexpected die-off or competitor could wipe out your data. The solution, therefore, would likely involve directing them to make lots of backups.

The flip side, though, is they'd need less electrical power. Maybe a small turbine by a stream, windmill, crude chemical battery, or even hand crack could be sufficient (alongside glucose or lactate for our single-celled friends). The resultant apparatus would resemble a byzantine mess of vats, tubes, wires, and boxes, like something from a mad scientist's lab. Perhaps combined with a similarly bizarre ham radio, it could be connected with others. One possibility is perhaps a computer virus infecting a network becomes quite literal. It certainly is a fun sci-fi concept.