Mark Andreesen mentioned in New York Times, January 2014 - “Personal computers in 1975, the Internet in 1993, and – I believe – Bitcoin in 2014.” Since its inception, this pioneer industry is still chaotic, but, we can gradually realize that how this pioneer industry will be taking off like Personal Computer and Internet. We can think Bitcoin’s potential for innovation in two ways. One is technology innovation and the other one is social innovation. From technology innovation perspective, what will happen in financial system in next 15 years will be “downsizing innovation” while “Post Capitalism” will be the one from social innovation perspective. Analogy from personal computer and internet, we can imagine how we can realize the downsizing financial system. All present financial system is built by main frame with special network which is quite expensive ones. But, through the continuous development in blockchain technology, we can build financial system based on cheep commodity server and public internet protocol. But, blockchain has to achieve technical breakthrough on consistency, performance, and scalability to realize this. And Orb DLT is the World First Distributed Ledge Technology which achieved World 1st High Scalability & Performance w/ Strong Consistency DLT. On our bench mark test on Oracle Cloud, we recorded 3,000 TPS with 48 nodes, and achieved linear scalability which is a most important element on Blockchain. About Post Capitalism issue, the key point will be “Is Bitcoin now bubble or not?” Novel prize economist mentioned Bitcoin must be bubble. But, my answer is “Not yet”. This logic comes from the critical difference between fiat currency and Bitcoin. Fiat currency has “2% inflation target” while Bitcoin has limited supply - 21 million. This is foundation to raise Bitcoin price. Bitcoin will be digital gold, but, not for payment. Peter Thiel mentioned the same comments. This element also boosts ICO market which have raised $1.2 billion and now surpass early stage VC funding. Bitcoin and Ether are just like Cloud VC for software in post capitalism era. Through the continuous climb of Bitcoin price, every one in the world can become “Micro Capitalist” to realize their own life. Until the central bank stops 2% inflation target in fiat currency, this trend will be raising ever. Why the central bank cannot stop 2% target? It’s because of GDP, our growth index. GDP accelerates human consumptions more than Earth can reproduce. And also GDP causes critical problems
on humanity - Environmental problem, Population Explosion, and Economic Discrepancy. Ecological footprint report by WWF clearly states that Earth Overshoot Day will happen June 28, 2030. And we need two Earth to maintain humanity. This is why Orb starts new type of virtual currency project, S-Coin by SBI is a typical example. And in long term, we have reinvent our growth index in Post Capitalism Era - ECE - Energy Consumption Efficiency Per Person.