Fun

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

News Feed - 2021-10-15 02:10:30

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. It was 1967 Buckminster Fuller predicted Bitcoin and new wealth.


“I"ll talk about something that would be one of the realizations by 2018 a realistic—scientific accounting system—of what is wealth. Wealth isn"t the gold of pirates—wealth is energy"


1967.pic.twitter.com/r0MM65E7kJ


— Brian Roemmele (@BrianRoemmele) December 17, 2020


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.” Richard Buckminster Fuller standing outside the inventor’s geodesic dome. The geodesic domes are able to withstand very heavy loads of weight and are architecturally based on a geodesic polyhedron. Fuller published more than 30 books on science, inventions, governance, and the future until he died in 1983.


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. Crypto Is a "Major Priority" for Miami Mayor Building City Into Crypto Capital of the World FEATURED | 23 hours ago How Henry Ford Envisaged Bitcoin 100 Years Ago — A Unique "Energy Currency" That Could "Stop Wars" FEATURED | 4 days ago Tags in this story 1967, 54 years ago, Bitcoin, Bitcoin (BTC), Bitcoin White Paper, blockchain technology, Buckminster Fuller, Critical Path, Garrison Breckenridge, geodesic dome, grandfather of the future, Operating Manual for Spaceship Earth, Rich Dad Poor Dad, Richard Buckminster Fuller, robert kiyosaki, Satoshi Nakamoto, video interview


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Bitcoin, Ethereum Technical Analysis: ETH Plunges Below $1,800 as Red Wave Intensifies
Bitcoin, Ethereum Technical Analysis: ETH Plunges Below $1,800 as Red Wave Intensifies Following a move towards $32,000 to start the week, BTC was fighting to stay above $29,000 du
California Governor Newsom Vetoes Bill to Regulate Crypto — Calls for ‘More Flexible Approach’
California Governor Newsom Vetoes Bill to Regulate Crypto — Calls for "More Flexible Approach" California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state.
ABEY Is One of the Fastest-Growing Blockchains in the World Adding 20,000 New Addresses Each Week
ABEY Is One of the Fastest-Growing Blockchains in the World Adding 20,000 New Addresses Each Week sponsored This week, ABEY has announced that it has been adding an average of 20,00
United Kingdom High Court freezes Craig Wright’s assets
Vince Quill5 hours agoUnited Kingdom High Court freezes Craig Wright’s assetsThe judgment was issued to help podcaster Peter McCormack recover nearly $2 million in legal expenses from a defamation lawsuit filed by Wrig
Rakesh Upadhyay6 hours agoPrice analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINKBitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely t
Turner Wright5 hours agoWill Sam Bankman-Fried fix his case when he takes the stand?The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and
Alphabit Digital Currency Fund Deploys Initial Investment in Stratis Protocol and Initiates Coverage
Alphabit Digital Currency Fund Deploys Initial Investment in Stratis Protocol and Initiates Coverage PRESS RELEASE. Stratis’ innovative blockchain solution
Onchain Data Shows FTX US Paused ETH Withdrawals for 2 Hours, Users Complain of Withdrawal Errors
Onchain Data Shows FTX US Paused ETH Withdrawals for 2 Hours, Users Complain of Withdrawal Errors After FTX International’s parent firm West Realm Shires Services filed for
Crypto Stamp Crashes Swiss Post’s Online Store With Launch Day Demand
Crypto Stamp Crashes Swiss Post’s Online Store With Launch Day Demand Unexpectedly high demand for Switzerland’s first crypto stamp has created headaches for the national
BTC price chart seen mirroring US spot Bitcoin ETF launch pattern
Ciaran Lyons4 hours agoBTC price chart seen mirroring US spot Bitcoin ETF launch patternBitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, t
Bitcoin’s Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days
Bitcoin’s Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last mon
Biggest Movers: XMR Rises to 1-Month High, XRP Moves 4% Lower
Biggest Movers: XMR Rises to 1-Month High, XRP Moves 4% Lower Monero jumped to a one-month high on Friday, as overall sentiment in crypto markets remained largely unchanged. The gl