I think bitcoin is (will be) the first truly deflationary currency so it’s hard to predict how it would affect the technological progress if it was the only money, whether it will accelerate it or slow it down. But at the same time, Edison and Tesla, Popov and Marconi, Wright brothers and many others didn’t have access to massive loans of unsupported paper dollars, and still they made breakthroughs. I think fundraising for new experiments and development will have to be revisited completely. It will have to be efficient, reasonable, with proof of concept, and clear documentation (well, how it is actually supposed to be…).
