We could be seeing the foundations laid through blockchain and cryptocurrency. Our economic systems are being disrupted as we push further into the virtual/digital world. The basic tenets of production are changing. How will this affect things going forward?
In this video I discuss how we could see the end of of a monetary system (as we know it) in the next half century. As we see demonetization taking place in more areas of life, it only makes sense that our entire economic structure will change.
▶️ 3Speak
Information is everything in the digital world. Since everyone's behavior can be analyzed from their online habits, content they consume and what they buy. I fully expect people to make money online because more things are moving digital. Amazon's model of selling things online is now mainstream and I fully expect physical sales to drop.
With AI, people can just analyze data and create products similar to what we buy and promote it on content their audience usually consumes. The only way for people to maintain their jobs and salary outside of digital is unrealistic. More and more of the world is being automated due to technology improving and unless the government can both pay and create jobs for citizens, people will have no way of making a decent salary.
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Who knows? Maybe we are moving towards a more utopian "StarTrek Future" in which there is no money because all our basic needs are served by automation at al levels... and since there is always a plentiful supply, there's no need to hoard money or commodities... because they no longer have a "value."
=^..^=
I agree on money not being required for the basics in the likely future.
The concept of money will be around and money will be used so long as scarcity exists. The extent of that will depend on the level of our spiritual enlightenment. Losing the scarcity mentality is key.
This is a very, very big question. Will we be capable of transcending the scarcity mentality that seems to be the result of dealing with scarcity throughout our evolutionary history?
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Actually the push towards personal freedom of finances is going on quite nicely unless you haven't been with the times and don't have any cryptocurrency investments going just yet....
So I think you've got some excellent views and great points.
@taskmaster4450 that is true....
The economy structure will definitely change in few years to come and it won't be convenient immediately because we humans are not always quick to adapt to change sometimes but it is necessary and I believe that it will make things become more proper....
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Interesting perspective... I haven't thought of VR as a combination of entertainment and gaming where you get paid to participate. A next generation blogging (as in on Hive, where it's rewarded), or rather a next generation vlogging if we consider vlogging the successor of blogging to some extent.
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Pushing into the digital/virtual world is not a bad idea and I believe so many great projects will come from it which will benefit us all
The demonetization will bring the changes to the way the financial system is currently is ....change is constant and necessary too....@taskmaster4450