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RE: What gives Crypto value? A letter to potential investors.
AI is going to render MONEY USELESS in the long term. What "the long term" is at this time do not know. What I do KNOW is that AI is progressing at an EXPONENTIAL rate and that sooner or later (5 years maybe 10??) the concept of "money" will fall. There is no need for "money" when EVERYTHING you WANT and NEED can be made WITHOUT HUMAN Labor. Why is nobody bringing this up. Ted Kasczinski was correct I believe, we are heading rapidly to becoming PETS. oh and EARTH IS FLAT!!!!!!!!!!!!!!
Don't think the big boys will give up without a fight.
I beat you , are you ok.?
I think the term you are looking for is "technological unemployment". It's a real threat to the current paradigm of income for goods and services. We will either fight for the scarce remainder, or employ a different paradigm altogether where humans have access to goods via access to interaction with advanced computation logs of total resource allocation - but not in a scarcity-driven model. This shift requires moving past long-conditioned assumptions and beliefs about human behavior, though. Essentialy, human belief systems (outdated, influenced by religious and political ideas) are the true obstacle. I recommend looking into the work of the late Jacque Fresco (The Venus Project) to learn about this solution-focused concept. Crypto offers people a way to grasp possible alternate ways to shift resources, imo. It's an early step in a direction with many steps to go still.
@artmindvoice i followed you due to that comment! Your perspective is interesting to me and now i want to check out that book. Arrrg so much to read and learn! :)
Well, past the point money is rendered useless it really is not unemployment, its a paradigm shift in thinking and existing. So really the term "unemployment" becomes extinct. I would call it , Humanities Awakening to the ABUNDANCE that has always existed but always been hidden. For short: THE GREAT AWAKENING! Maybe that really is it, the point when ALL of HUMANITY realizes there was NEVER any scarcity all along, all thanks to crypto! Maybe crypto WAS DEVELOPED by a General AI ALREADY like some say and is helping us transition smoothly? I think the transition stage (the widespread adoption of using bitcoin & crypto will be shorter than most anticipate), but who knows, I now think the D Wave quantum computer is a LIE. So are we getting close with real general AI, who knows. Thanks for comment.
I think we could only grasp a post-scarcity concept at this point in history due to global communication and exchange of information.
For anyone wondering: what in the hell are they talking about? resources on earth have true limits...
I'll try to clarify: material resources are truly scarce, but resourcefulness is not (think workarounds/equivalents via design). Without money as an obstacle or barrier to access of information, we could possibly see the next version of a creative renaissance, if you will...'weapons of mass creation' and solutions to longtime problems. Not a utopia, just way better than our current model.
Blade Runner all the way!