If predicting the future is challenging, then predicting the future implications of general purpose technology is nearly impossible.
We’re going to try anyways.
However, getting all the details right is not the goal. Instead, the exercise of trying to predict the future opens your mind to new and potentially interesting ideas.
Personally, I agree with Naval Ravikant’s sentiment on the Unchained Podcast: predicting the long-term outcome is easier than the short-term.
I can see a long-term future that looks something like this…
We’re heading towards a more decentralized world. Blockchain (or the future evolution) and cryptocurrencies will be used by most businesses, most people, and, eventually, most governments.
This technology (decentralized consensus) will underlie many of our future systems as we’ve created a fundamentally new way to establish trust globally, leading to great leaps in our social scalability.
Technology by its nature is morally neutral, which means…