When the robot costs 10,000 everyone will have one. And then send it off to work to earn money. While they sit and home and play Splinterlands!
I actually think that there is a utopian version of the future that follows this path. Improved technology, automation and very cheap energy will allow very low cost living with goods produced by robots. Meaning that people no longer actually need to work.
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I mentioned something similar in the past before. The machines will work for us, instead of us. And will Artificial Intelligence (AI), they will reach a point, where they will not just/only fix themselves, but also manufacture themselves without any human intervention.
But what if the machines will turn on humanity? Something like what happened in the Terminator movie series. This is a frightening, scary, terrible thing to think about, to be honest.
I give you some !PIZZA and !LUV.
Yes.
Once machines can produce everything, including obtaining the raw materials for production, and themselves, then the cost of goods drops towards the level of scarcity of the raw materials and the energy required. If these can be in plentiful supply (from the sun / asteroids) we move towards goods being free and humans not having to work.
Whether we get there without everyone creating huge robot armies (including the robots themselves) instead is another question.
To be fair... with the increased rate of productivity and production now... it's crazy that we have to work more than a couple of hours a week these days. Problem is that the people at the top keep keeping all the profits for themselves. Jerks.
I think currently the cost of land / rent is the big sticking point. Aside from that we work to pay for the salaries of ourselves working.
what a hilarious way of putting it
That's the idea.
Passive income is the future.
Fiat is not.
However, reality always falls somewhere in the middle between doomsayers and idealists.
Fiat will become one end of the spectrum of money.
It will be at the centralised, fully guaranteed end. But electronic / digital in one form or another.
Company / organisational coins in the middle. Low decentralisation, some guarantees. KYC mandatory.
Fully decentralised crypto at the other end.
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I wonder what a fully distributed crypto looks like.
Probably also has some kind of KYC to avoid Sybil attack.
Something like MINA. Tiny size. Smartphone based. PoS. Everyone is a validator node.
Totally agree, Mina is a really nice project, very well done and with disruptive potential in the real economy.
Do you follow Grady Booch? He's very strongly against it. His arguments are pretty fanatical.
Against what? Passive income? UBI? Big difference between the two.
Passive income (especially passive income through cryptocurrency).
Or stick a crypto miner inside the bot. Then let them have the shitty jobs that no one wants. People can get paid double and do as they wish. :)
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I think crypto has the potential to cater for a wide range of political beliefs.
There are currently plenty of coins that reward you based on providing your stake to secure the system, reflecting a capitalistic structure.
But there's no reason why succesful UBI-style coins couldn't also arise.
The great thing is that people across the world with shared beliefs can now work together to achieve their community goals. It could be a new form of democracy, moving away from majority/minority rule to a series of financial systems under which you join the system which reflects your own beliefs.