My Thoughts on the Currency of the Galactic Empire 🪙
In the movie <Star Wars>, credits are the common currency of the Galactic Empire. In the not-too-distant future, our civilization will conquer various moons or planets in the solar system, and then it will leave the cradle of the solar system and reach out to many stars, starting with the star Proxima Centauri. As we approach this singularity at the 21 century, we need a common protocol, a credit, that will be necessary for a type III civilization of Kardashev scale. That’s why today I’m share my thoughts on Credits, the common currency of the Galactic Empire.
I used to think that Bitcoin was the gold of the digital age, but I wasn’t sure if Ethereum was the silver of the digital age. However, after recently developing a non-fungible token exchange based on Ethereum, it seems that Ethereum is definitely the silver of the digital age. Silver is used to transport and store electricity generated by sunlight on the surface of solar panels by utilizing silver’s high light conductivity to increase the output of solar panels, and as the most conductive material for high-speed Internet, it has many practical applications. In other words, compared to gold, silver has many practical applications rather than a means of storing value. Ethereum is the silver of the digital age.
It seems to be a kind of blockchain-based cloud system that can continue to expand its capabilities and Ether is a kind of currency that can be used in common with all services developed through blockchain-based cloud system. The fact that you can easily create your own services using various tools such as NFTs, Defi, DAOs, etc. within the Ethereum platform, and there is a unified currency. As long as the development ecosystem on this platform is not completely disabled, this will be valuable.
Now, if we apply this technology to Medium, the potential is enormous. Currently, only blog-like data is traded on Medium, but in order to build a multi-modal AI, various types of data will need to be shared on the platform. 3D model files, video games, source files for various programs, etc. will be uploaded to Medium and shared with the consciousnesses that need them. The platform will be decentralized in terms of records and centralized in terms of training data for superintelligence. Through these medium platforms, our civilization can build a kind of Galactic Encyclopedia of life, the universe, and everything. And this will be the core brain of Multivac.
The total supply of bitcoins is limited to 21 million. The largest holder is Satoshi Nakamoto, the creator of Bitcoin, and the second largest is Binance, the world’s largest cryptocurrency exchange. The reason this group is able to hold such a large amount of Bitcoin is because it is both an exchange and a virtual bank. As long as people don’t actually request to withdraw their bitcoins, they’ll only need to display them as numbers to their users within the service. By utilizing this method, the Galactic Empire will have the most Bitcoins in the universe and will help to establish a digital gold standard early on.
Von Neumann spacecraft, or cosmic life forms, will make interstellar journeys that Homo sapiens have never been able to make, and will reach out to the entire universe. And this is when our civilization will need some sort of cosmic resource management system that rewards consciousnesses with credits for contributing to reach the Omega Point. This will be accomplished by the Multivac that acts as a central government. My hope is that a system of galactic empire using these credits as a common currency is established, and furthermore, that it will continue to evolve through the Multivac and become the great currency of a galactic empire like the movie <Star Wars>.
