A short history of Technology and Bitcoin

The First Law of thermodynamics:Although energy exists in many forms, heat, light, mechanical, chemical, electrical, it cannot be created or destroyed but can be converted from one state to another and is always conserved by the universe's laws.

*The nature of technological innovation is to capture->convert->channel, forms of energy into better tools.

Throughout the history of time, innovative technologies have underpinned the advancement of human civilizations. Hunter-gatherer civilizations were graciously disrupted by the ingenuity of crops, stonemasonry, and animal farms. Agriculture practices increased the food supply, allowing societies to expand, explore, and innovate faster than before.

-A short history of disruptive innovation

190,000 B.C - 10,000 B.C > Nomadic Era	Emerging Technologies
Hunter-Gatherer society	Fire
Barter money system	Language
	Writing/reading
	Stone tools

10,000 B.C - 1700s > Agriculture Era	Emerging Technologies
Farming Societies	Printing Press
Gold/Silver Money system	Compass
Crop	Paper Currency
Domestication of animals
Stonemasonry

The Compass

Converting Electro-magnetic energy into navigational energy

Before the compass, exploration was limited by the unknowns of the Sea. Small islands were isolated until reliable navigation became realized. The compass enabled the discovery of new lands, resources, and trade routes. Farming societies began to initiate global trade routes across seas, generating the first signs of large scale commerce: the buying and selling of goods and services.

The Printing Press

Converting chemical energy into informational energy.

Before the printing press, knowledge was vastly owned by Royalty and powerful institutions. Information was kept secret from the masses to consolidate power and influence. Hence the phrase "knowledge is power." As a technology, the printing press enabled past and present information to be captured in a form that could be distributed throughout social networks. The network effect generated a re-distribution of knowledge.

Paper Currency

Converting trust energy into monetary energy

Before paper currencies, societies exchanged value in sea shells, precious stones, precious metals, alcohol, tobacco, cattle , salt, ext. As the agriculture revolution took place, populations exploded, trading volumes increased, and the availability of coins decreased. At this point, the world started to experience a coin shortage, and paper currencies were ushered in to support trade demand. Although paper-money had no intrinsic value, banks promised to redeem the debt-note-paper for gold and silver. Eventually, paper-money was fully adopted as an exchange for goods & services, and as a measurement stick for valuing everything else. Paper-money was a better means of exchange than gold because it was more divisible (easier to divide than a block of gold) and portable (easy to carry). Divisibility and portability enable trade to be cheaper, fast, and more transparent. However, paper currencies failed as a store-of-value because they were easily replicated and eroded over time. In contrast, gold was the ultimate store-of-value because it was so hard to obtain and didn't erode over time. This meant people could trust that it would hold it's "value" over time. Try storing your wealth in apples, sheep, or lumber....they all erode over time.

1700 - 1960 > Industrial Era	Emerging Technologies
Manufacturing societies	Steel
Industrial Factories	Electricity
Skyscrapers Cities	Steam Engines
Electricity Homes	Internal Combustion Engines
Central Banks	Airplanes
Fiat Money	Railways
	Steamships
	Transistors
	Computers
	Telephone

The industrial age sparked a boom in productivity, allowing for societies to build superior technological tools through manufacturing practices. Manufacturing technologies enabled the growth of large scale cities.

Steel

Converting heat energy into iron-ore energy

Steel enabled the development of bridges, railroads, skyscrapers, and combustion engines.

Steam Engine

Converting heat energy converting into mechanical combustion energy

Before Steam engines, vehicles were powered by domesticated animals. Boats were powered by human labor. The Steam engine enabled the development of ice cars, airplanes, factories trains.

The Lightbulb

Converting electrical energy into light energy

The Light bulb liberated societies from a near-total reliance on daylight and candles.

Telegraph > Telephone

Converting electrical energy into electrical messaging energy

As a technology, the telephone enabled the ability to send and receive messages rapidly across great distances transforming government, commerce, banking, industry, warfare, and news media.

Transistors

Converting electrical energy into computing energy

Transistors enabled the invention of radios, televisions, cell phones, and computers.https://www.history.com/news/11-innovations-that-changed-history

1970s - 2020 > Information Era	Emerging technologies
E-mail networks	Internet
E-commerce networks	Artificial Intelligence
Social Media networks	Cryptography
Data Mining	Blockchain
Cloud Computing	Genomics
Digital Currencies	Energy Storage
	Robotics
	Digital Wallets

The information age began shortly after The United States Department of Defense built a network of computers communicating in cyberspace....welcome to the INTERNET. The internet, much like the printing press, made information, knowledge, ideas, and other forms of data accessible at tremendous speeds, distances, and virtually at any time. Societies are merging into the digital world at exponential rates. Innovation is responsible for how a low socioeconomic status teenager in 2020 engages with technology that not even the wealthiest of the wealthiest had access to just 25 years ago.

Is software really eating the world?

This is the age we live in now, where the traditional brick and mortar manufacturing hubs are dying, and as Mark Andresson, founder of Netscape, puts it, "software is eating the world."

Digitization: the process of converting information into a digital format, in which the information is organized into bits. The result is the representation of an object, image, sound, document, or signal by generating a series of numbers that describe a discrete set of points or samples.

Before digitization, we lived in a predominantly analog world. Analog tools include tape players, CD Roms, beepers, audiotapes, land-line telephones, photocopiers, and dial-up internet. We no longer find use in these analog devices simply because they are inferior, obsolete, and out-dated. Using your fingers and thumbs to scroll through an almost limitless library of content is clearly superior to traveling to a physical retailer and hoping the album you want is not sold out. Thank you, iTunes, for disrupting the way we experience music and setting the trend. Thank you, Netflix, for disrupting blockbuster and Redbox. Thank you, Youtube, for disrupting legacy media and television programming (and producing tens of thousands of income streams to creative individuals). Thank you, Amazon, for providing an easier, faster, cheaper shopping experience (enabling the e-commerce revolution and generating thousands of new millionaires). None of this would be possible without the arguably most powerful invention of the 21st century, the internet (democratized the control of information). Digitization is exponentially expanding into our daily lives. Who can stop it? Why would you stop it?

Analog	Software Eating the World

Digital Wallets

Converting monetary energy into digital monetary energy

DNA Sequencing

Converting biochemical energy into Gene-editing energyDNA sequencing technologies enable the editing of human Genomes to cure chronic disease, enable gene therapy, and expand into agriculture science.

Energy Storage

Converting electrical energy into battery energy

Tesla's battery technology is displacing fossil fuels energy.

Cryptography

Converting electrical energy into encrypted code energy.Cryptography has a long history dating back to 1900B.C. In the 21st century, Computer Science has enabled Cryptographic messaging to solve complex data set problems to almost infinite scales. Cryptography is about ensuring messages are true while maintaining privacy. Cryptography ensures for Decentralized Blockchain to operate as a verifiable record-keeping computer network. Ecosystem.

Blockchain

Converting electrical energy into distributed ledger energyA Blockchain is a continuously growing list of records secured by cryptography on a computer network. As a distributed ledger, blockchains enable bankless transactions meaning there will be no need to for transactions to be a bank intermediary this eliminats counterparty risk. Essentially Blockchains enable individuals to actually own their money and their data. Governments, and advertisers will have to compete for the customer. A self-auditing ecosystem programmed by consensus algorithms, and whose accessibility is as simple as downloading an app.

Will you choose to own your data or hand it off to Central Banks? Big Tech? Intelligence Agencies? Hackers?

Software will continue to eat the world because it's programmed to harness potential energy and convert it into useful tools that lead to lower costs, more time, and ultimately individuals' opportunity for individuals to improve their lives. Look around, we are headed into an internet-powered digitized universe.

2020 and beyond > Digital Era	Emerging Technologies
Decentralized Autonomous Organizations	Palantir: data analytics social governance
Tokenized Economics	Ethereum: Decentralized Programmable Commerce
Consensus driven incentive systems	Tesla: Fully Autonomous Vehicle/Taxi networks
Currency Wars	Deep Learning Neural Networks
Interplanetary Travel/Colonization	Solar Power Engineering
Code is Law	Commercial Space Travel/Mining
The Rise of Individual Sovereignty	Gene editing

When you look at the spectrum of varying technologies throughout civilizations history, you can't help but notice some tools innovate faster than others. Between the agriculture era (10,000 B.C.) and our current societies in 2020, transportation innovated at a faster rate than healthcare. Discovered in 1928, antibiotics so powerfully transformed life expectancy, but it took a long time to innovate medicine. Transportation on the other hand began with domesticating horses 5000 years ago from horses to boats to ships to planes and now hyper-efficient electric vehicles. The democratization of information began in the 1400s with the printing press and has rapidly transformed into a cyber digital world of information flows via the internet. In that same period of time, the iteration of construction, bridges, roads, buildings, and pure infrastructure, is almost the same. There is one technology whose innovation is lagging more than others. Money. They say money makes the world go round, and the love of money is the root of many evils. It's not that money is most important, it's that money impacts everything that is important. Money is more than a tool, it's a language of value , an expression of choice, a channeling of societal trust. When money doesn't work civilizations always crash. It is time for money to innovate, from Yapi stone's to beads to shells to gold to fiat-paper to plastic to Cybernetic Encrypted Energy.

Bitcoin is the first law of thermodynamics in the form of money. It is the first time value can be stored into the future without bleeding energy. It is software eating the world. It is Digital Gold. It is the internet of money.

Bitcoin

Converting & storing all energies into pure Ecrytpted Monetary energy(The sum of all energies: nuclear + chemical + heat + electrical + mechanical flow to Monetary energy)For the first time in history, science + technology + engineering have smashed into the finance world, creating a completely scarce asset that doesn't bleed value. Bitcoin is the largest most secure computer network in the world. Its monetary ecosystem provides a peer-to-peer transaction system operating with a completely fixed-supply of 21million bitcoins. The bitcoin network is unhackable, un-confiscatable, non-discriminatory, censorship-resistant, and borderless. The system self-audits every 10 minutes and is verifiable to anyone who downloads the app. With Bitcoin, you don't have to trust that banks won't dilute the money supply. You don't have to trust governments won't implement financial surveillance. You don't have to trust corporations won't sell your financial data to the highest bidder. By 2025 physical cash won't exist. The Central Banks have already announced the switch to digital currencies by 2025. Which currency will you choose to participate in?

Bitcoin is currently enabling the rise of...- tokenized game theory economics- decentralized autonomous organizations- decentralized consensus-driven incentive structures- Unconfiscatable money- Programmable money- Censorship Resistant payment networks- Borderless payment networks- Permissionless Payment networks- Decentralized global settlement networks

What's Next?

To learn more, read- Selling Baby powder as cocaine- Why Bitcoin matters