Bitcoin News and Finance
A Look at How Buckminster Fuller Predicted Bitcoin: ‘A Realistic, Scientific Accounting System of What Is Wealth’ Skip to main content

A Look at How Buckminster Fuller Predicted Bitcoin: ‘A Realistic, Scientific Accounting System of What Is Wealth’

A Look at How Buckminster Fuller Predicted Bitcoin: 'A Realistic, Scientific Accounting System of What Is Wealth'

Richard Buckminster Fuller was a well known American architect, systems theorist, author, and inventor. Similar to the visions expressed by the industrialist Henry Ford, the Nobel laureate Friedrich Hayek, and Austrian economist Milton Friedman, Buckminster Fuller also predicted a concept that resembled Satoshi Nakamoto’s Bitcoin invention 54 years ago in 1967.

Buckminster Fuller: ‘Build a New Model That Makes the Existing Model Obsolete’

In a recent editorial, Bitcoin.com News discussed how the famed industrialist Henry Ford, founder of the Ford Motor Company, envisaged an idea that’s similar to Bitcoin roughly 100 years ago. It was further said that before cypherpunks like Timothy May and Eric Hughes wrote about digital cash, Friedrich Hayek and Milton Friedman also predicted a technology that would operate similarly to Satoshi’s Bitcoin project. Buckminster Fuller was another intelligent individual who predicted the invention of cryptocurrencies and new wealth.

Fuller was not a fan of the financial system years before his passing on July 1, 1983. People referred to Fuller as the “grandfather of the future,” and the systems theorist often said: “God wanted all humans to be rich.” In a video interview with Fuller in 1967, the inventor talks about a new currency that will spark a new movement of wealth by 2018.

“I’ll have to talk about something which will be one of the very big, new realizations by 2000 AD,” Fuller said in the interview. “A realistic — scientific accounting system — of what is wealth … wealth isn’t the gold that the old pirates used to have — wealth is energy,” he added.

Rich Dad Poor Dad Author Robert Kiyosaki Believes Buckminster Fuller Predicted Blockchain Technology

Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” wrote about Fuller predicting the coming of bitcoin back in 1967 as well. Kiyosaki and a friend went to see Fuller speak at the Montreal, Canada Expo Center to see Fuller’s geodesic dome. In 1981, Kiyosaki was invited to “spend a week studying with Dr. Fuller at a lodge outside of Lake Tahoe.” The best-selling author stressed:

I believe that what Fuller predicted was the blockchain technology upon which cryptocurrencies are built.

Kiyosaki details and quotes Fuller on several occasions throughout his memoirs remembering the famed inventor. The “Rich Dad Poor Dad” author explained that decades before Satoshi Nakamoto dropped Bitcoin on the world, Fuller envisioned a “complete reengineering of the global economy facilitated by a synchronized accounting system integrated with a global energy network.” Kiyosaki emphasized that Fuller’s forecast said that the U.S. dollar would be “replaced with a new money—a money made of energy by energy.”

Published in 1981, alongside Fuller’s “Operating Manual for Spaceship Earth,” the book “Critical Path” is considered one of Fuller’s best-known works. In the book, Fuller says: “Computers make it practical to electronify wealth distribution games that accomplish the movement of goods in services in more channeled, designed structures. Not big brother though, since no central planning authority—just lots of dial-in ‘games’ with costs and rewards, likely to attract those with a self-interest in playing.”

Author Garrison Breckenridge also highlights in his editorial called “What Blockchain Can Learn from One Man’s Attempt to Save the World” how Fuller envisioned Satoshi’s technological breakthrough. It’s well known that Fuller was a man who thought outside the box when it comes to changes and technological inventions. The systems theorist and author knew quite well that the old systems of finance and governance were antiquated and could not be fixed by fighting the status quo’s current infrastructure. Fuller is famously quoted for saying:

You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.

What do you think about Buckminster Fuller predicting bitcoin back in 1967? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory