Reddit Posts
Possible scenario for bitcoin in a world dominated with LLM and AGI
Crypto with Auto redistribution (tax)(UBI) built-in
With the exception of 'The Bitcoin Time Traveler' and '1 Bitcoin Will Be Worth 100 million dollars, what are some wildest Bitcoin predictions and speculation you've heard or have for Bitcoin in 10 years? My theory below.
The CBDC Shift: Your Money Will Never Be the Same - While We've Been Occupied with Wars, They've Been Doing This!
Using CBDC’s and UBI to capture public opinion
Government Bribery: Using CBDC’s and UBI to capture public opinion
Creating and managing large numbers of crypto accounts
How Governments may use CBDC’s and UBI to capture public opinion
Elon Musk and Chat GPT Founder, Sam Altman are in a battle to be the next Crypto financial giant.
Proof of personhood coins up 100-1000% in 24h thanks to WorldCoin launch and Vitalik's mentions
How the USA people got screwed, and why we need crypto
Government Bribery: Using CBDC’s and UBI to capture public opinion
AI and Proof of Stake’s role in Governments bribing citizens to use their CBDC’s using Universal Basic Income
A new city-state constitution which has: 0% income tax, 0% payroll tax, $360 age-based UBI, Banned landlords, direct democracy, 0% inflation.....with the ultimate goal of enabling a 3 day work week and retirement at 45. The goal is to manifest a new city via the crypto community:
What if Universal Basic Income was somehow implemented with Crypto?
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
What is the relation between AI , the universal basic income and crypto ? A forcasting attempt
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
We are living in the future. Please read and let me know what you think.
Income Movement Rightfulshare Launched 'First Unconditional' Crypto UBI in South Africa
Crypto Currency of the future...applying the "Gold Standard" to a Crypto Currency
Review of the Proof-of-Humanity UBI Token Smart Contract
Smart Contract Review of the POH UBI Token. What we found?
Smart Contract Review of the POH UBI Token. What we found?
Android crypto apps which you can use to earn "free" crypto
Staking your Crypto is like getting a Universal Basic Income (UBI)
Andrew Yang Thinks More People Would Volunteer if You Give Them Crypto
CMV: Gas fees are equivalent to taxes, and if the government adopted a transparent blockchain-based cryptocurrency DAO we could eliminate taxes and fund government services through a crypto standard.
Does anyone want CBDC to be a thing? Why if so?
Could GoodDollar be Crypto's answer to UBI, with Yoni Assia, eToro CEO
[QUESTION] What establishes digital currency value in a post-labor economy?
Universal Basic Income - free to claim for everyone V.B supported
While most P2E games have a degree of ponzinomics, the crypto running app Stepn is the best thing I have seen in crypto in 9 years.
Has anyone else notice "invest only what you can afford to lose" is 100% overlooked everywhere else other than crypto and stock market
New UBI Token Launching in a few days
Anyone have personal experience in using Osiris blockchain-based browser and its features?
Possible gas stimulus money coming. I wonder if we will see another boost in crypto
NFTs are a backwards investment. Prove me wrong.
A model for a decentralized peer-to-peer web3 crypto-economy.
How is organized crime going to survive when CBDC come in play?
Did stimulus checks really change the market
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking | Crypto News | 05/02/22
Jack Dorsey Backs Bitcoin-powered Universal Basic Income (UBI) Strategy
Jack Dorsey Backs Bitcoin-powered Universal Basic Income (UBI) Strategy
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking
Crypto Renaissance - How We Are Building The Future Of Finance
How to influence what the Fed Reserve does with CBDC and how they see it
Cryptocurrency’s Achilles heel isn’t security it’s the legal system.
Want some outside perspective on a low cap coin I want to incest in
Amir Taaki from DarkFi in October 2021 - The Coming Storm
Your government begins paying citizens 25% of the average monthly income (~$650 in USA) in BTC. What do you do?
Crypto crystal ball: How incorporated do you think crypto and decentralized tech will be in your life in 10-20 years from now?
Mentions
1. AI is taking away white-collar jobs and will continue to do so. 2. Robots are taking away blue-collar jobs and will continue to do so. 3. UBI will be implemented. 4. Inflation caused by UBI will offset the deflation caused by AI and robots. 5. When 90% of the population is unemployed and relying solely on UBI, GameFi will gain popularity.
Premise: the United States of America can afford to use %3 GDP on ubi The United States could potentially afford a Universal Basic Income (UBI), but doing so would require a significant overhaul of the current fiscal system. While the gross cost for a $1,000 monthly payment to every adult is estimated at roughly $3.1 trillion to $4 trillion annually, economists argue the net cost—the actual new revenue needed after accounting for taxes and replaced social programs—could be closer to $539 billion to $784 billion (approximately 3% of GDP).
TBF the reverse is true, Redditors lose their minds when Musk proposes but coming from Mamdani or AOC would think it's a great idea. Anyways some form of UBI becomes inevitable if the current trajectory of layoffs and automation continue. It becomes all about execution.
No the trouble with UBI is that landlords and sellers of real estate, food and other consumer products will adjust their prices upwards to account for the extra cash everyone now has. Oh $1000/mo UBI? Rent just went up $800/mo.
We live in a post-material world where scarcity and rank matters more. In a world with UBI people will fight tooth and nail over the beach front housing and the ability to sit closer to the front of the plane.
I think you should check the comment you originally replied too. The original comment clearly states Elon is weaponizing the topic of UBI in an attempt to slow his competitors. Your reply is a “how does UBI slow down competitors”? Your replies (intent or not) attempts at removing Elon from the equation. That is disingenuous as the original comment implies Elon is the problem not that UBI is the problem. My comment attempts to tie his comment to yours by bringing Elon back into the topic at hand. “Elons call for UBI will most likely came with a call for AI training delays”
I mean, we don't even have universal healthcare or higher education yet, like not even close, we are so far away from UBI lol
Any proposals for UBI meant to offset job losses from AI will almost certainly include stipulations that the income will be paid for by AI companies in the form of taxes. The most successful ones would be taxed the hardest. Ergo, OpenAI, Alphabet, and Anthropic (his biggest western competitors) would be taxed more.
Any proposals for UBI meant to offset job losses from AI will almost certainly include stipulations that the income will be paid for by AI companies.
He’s always been a proponent of UBI. This is probably just some lame rebranding of it to make it sound like a different idea.
You’re saying it’s disingenuous to say Elon’s call for a UBI system is connected to his call for AI training to be halted?
He says, desperately hoping that people will buy the idea that UBI is just around the corner so the poors don't eat him before he can bail for Mars...
That is so disingenuous what you just did. **this** is option B > Say everyone needs to stop advancing their models until UBI is setup and ready to go. I said no one is saying this. You gave a source about Elon signing a letter to temporarily stop AI research for fear of AI takeover. **Notice how there is no mention of UBI because these are distinctly separate issues.** Any lines you have drawn so far between UBI and stopping AI research has been fabrication.
UBI is essentially the same as an unemployment benefit or pension payment. Do these people that advocate for UBI also advocate for reducing the retirement age, or extending unemployment benefits for those out of work as a result of AI? That’s a big fat nope.
UBI is the stupidest thing I’ve ever heard of in my entire life. Even if the government and corporations went for it, which they won’t, all it’s going to do is create massive inflationary pricing. Look what happened to our economy with just one or two Covid checks to each person.
the trouble with a UBI is your income comes from a single point of failure. you get a president like trump who starts pulling levers to halt payments to anyone who says something he doesn't like. it'll be just as bad as companies holding your family health insurance hostage
This is where you are getting confused - he is not saving lives with UBI, UBI is saving lives. This world isn’t revolving around Elon like you make it sound.
A. Call for UBI B. Say everyone needs to stop advancing their models until UBI is setup and ready to go. C. Don’t stop advancing your model anyways Not even trying to hate, but what’s the confusing sort? Genuinely asking
Theoretical thing vs people actually died already from his direct influence on government policy. He would have to save a hundred thousand lives with UBI to make up for the deaths he already caused. When that happens, I'll come back and give you reddit silver
I didn’t ask if we have it yet. You said: > saving lives lmao As if UBI wouldn’t do this or that it doesn’t matter.
You don’t think UBI will save lives?
The tech bros will own all of the food and the UBI so you'll have to be subservient to them in order to get your crumbs you will be a walking data slave and if you step out of line good luck
I'm all for UBI. It's just hilarious the world's most conservative maga billionaire also wants to give free money to people.
It doesn’t. This is Reddit hive mind at work. Musk has turned into a disgusting human, but the fact of the matter is that a high UBI does nothing to slow his competition, and if the numbers worked on something like that, would have the same effect on any and all AI companies. Honestly, it’s where things would sort of need to go anyway.
> Most likely his call for UBI will come will include a call for everyone to stop training their models during this time. Can you please explain how this would work in any world? How does this make sense?
Because there’s literally no other way to implement UBI in this context. If AI is going to put hundreds of millions of people out of work, and all future revenue will accrue to the few AI firms who have cornered the market, and the corporations who radically improve their productivity by firing everyone and replacing them with LLMs, then thats where the revenue will come from. Where else is it going to come from?
Elon has made a few attempts to slow down his competition already. Most likely his call for UBI will come will include a call for everyone to stop training their models during this time.
How does UBI slow down competitors?
Cryptocurrencies are decentralised versions of things government or centralised institutions traditionally operated. Also, cryptocurrencies are global, which government do you think should administer UBI? How is cryptocurrencies not PERFECT for providing UBI!?!?! like wtf are you a crypto miner or something? in the future when cryptocurrency is ubiquitous in our society, why SHOULDN'T we 'tax' (would have to be enforced at Blockchain level and hence not involving government or anything) crypto transactions? If 10% of cryptocurrency's fees could be left to accumulate until the proceeds of that fund could be used to pay UBI, then EVERYONE benefits and a handful of miners in a new incredibly successful industry make slightly less money. Please explain your objections to that.
Dumb take. What is it crypto's responsibility to fund UBI?
I think UBI should be partly funded by cryptocurrency transaction fees. Imagine if Ethereum said "any unique person" with an onchain identity will receive UBI funded by taxing Ethereum transactions, I think by the next day they'd have 8 billion onchain users 😂
this should not be controversial... 90% of this sub is broke-ass, holding less than 0.01 btc, fantasizing about $1B bitcoin... none of ya'll are going to be hit with a wealth tax... that's pure hopium. you've all got the "temporarily embarrassed millionaire" syndrome... take your fiat UBI, save in BTC
Everyone will get a free apartment, courtesy of the Rotschilds, but no UBI
Because one day some of us think we'll be billionaires and don't want to get taxed. I support UBI. It's nuanced support but some kind of baseline income for everyone to live a decent life with all their base needs met is worth the taxation on those that can afford it.
Why wouldn't we like taxing the wealthy and providing UBI?
Absolute facts. AI/ASI: •Could: create genuine utopia on Earth; end war, disease, famine, provide high UBI, propel us into the stars! •In actuality: likely going to result in technofeudalist society, where the wealthy have extreme and excess access to the greatest of all things - while people simultaneously starve in the streets in increasingly higher numbers.
> Another concern is wealth taxes. I believe these are coming in varying shapes and sizes and will only get worse. > Many are broke and AI will accelerate that. Socialism/UBI/printing will get more popular. They will vote for it. So, you're saying society will determine that it needs wealth tax to solve big problems with wealth inequality and that it's bad because you theoretically might be affected? Citizen of the year over here. :P
Which side of this do you think the majority is on? Many are broke and AI will accelerate that. Socialism/UBI/printing will get more popular. They will vote for it.
A pro COULD be the issuance of UBI Universal Basic Income, which is essentially the carrot to pull the masses into the CBDC prison. A con not mentioned so far is expiring monies, you have to spend CBDC in a certain time or it is gone, no saving for a rainy day or retirement (not that will be a thing once you are of no use it's assisted self deletion time)...
Fair point. The topic is really about UBI which is a valid concern for the current paradigm.
A UBI society can only be provided fiat by the govt and not Bitcoin. Act accordingly.
There are only 2 ways crypto have mass adoption. 1. A UBI coin that somehow solves the Sybil attack and allows for individuals to have new coins minted in their wallet at every set interval (nobody is going to say no to money) 2. Governments start issuing their own backed cryptos That's it. It's not coming from any other project or idea lol. Crypto is the best hedge against infinite money printing. It will always be undefeated in beating inflation over the long term. It isn't going to be tender at your gas station though
First of all sir this is a Wendy's, why the fuck are we talking about this in BTC subreddit, secondly even if it doesnt take 5 years and take 7 years it seems inevitable at this trajectory that such job losses will incur, instead of trying to pacify people or comfort people we should even put more fuel into the fire so that when that inevitable time comes those people aren't left to rot but instead with correct policies taken care of like UBI etc.
Yes it needs to solve the Sybil attack problem because the only thing that is going to truly save crypto is going to be a UBI coin that doesn't force you to go somewhere to scan your face
If you guys don’t buy this dip, you’re all gonna be eating Ramen noodles on your UBI for decades
Unless people leave it for some other more feature rich currency (like a community funded UBI option). Which I imagine is inevitable in tech. BTC could remain the reserve currency though; depending on # engaged participants.
Why would they need to ban Bitcoin to force us on a CBDC? In my mind it’s all tied to how government payment like UBI will be introduced over the next decade. Tokenization of the USD is inevitable.
So, its great and all that is a poor choice from a purely rational standpoint, metrics in mind, you could also take X from that 1000 to invest it every time. You will probably not earn as much long term (assuming moderate success on investments), but there is something to say to have a form of a UBI and use it however your needs are (be it groceries or a new promising stock/coin). Still, the alternative is much better, but not everyone is a financial genius
UBI with infinite strings attached (think: protein must be tofu).
Physical Public Money (notes & coins) is not digital & Digital Private Money (money held at your commercial bank) is not physical. Only central banks can issue Physical Public Money (notes & coins). Money that the public hold at their commercial bank is Digital Private Money. The Central Banks want to ~~replace~~ supplement "*Physical"* Public Money with "*Digital*" Public Money aka The CBDC. If Governments and their Central Bank ever decide UBI is to be issued, I think the CBDC would provide the payment rail...
There will always be a need for very large quantities of energy to be distributed across the world. UBI will not allow that accounting to be made.
Great, from the same creators of the DAO Legislation! And I think they not consider Worldcoin monthly rewards for unique humans identified as UBI too.
I haven't had a chance to read the article yet, but the headline is wrong. There were previously coins they attempted to provide a UBI. I think $DRIP is the one I'm thinking of.
tldr; The Marshall Islands has launched the world's first universal basic income (UBI) scheme offering payments via cryptocurrency or traditional methods. Every resident citizen receives $200 quarterly, funded by a U.S. trust compensating for nuclear testing. The program aims to ease living costs and includes a blockchain-based digital wallet option for remote areas. While innovative, experts highlight challenges like internet connectivity and financial risks. Most recipients prefer conventional payment methods, with only a few opting for cryptocurrency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The Marshall Islands has launched the world’s first national universal basic income (UBI) scheme that offers cryptocurrency as a payment option. Every citizen is entitled to roughly $200 every three months, delivered either through traditional methods (bank transfer or cheque) or via a government-backed digital currency. The crypto option is designed to reach people on remote islands with limited banking access, but uptake has been modest due to patchy internet and smartphone access. Supporters see it as a bold experiment in modern welfare delivery, while critics question scalability, infrastructure limits, and long-term sustainability.
tldr; The Republic of the Marshall Islands has executed the world's first on-chain universal basic income (UBI) payout using a digitally native sovereign bond, USDM1, issued on the Stellar blockchain. This initiative, part of the ENRA program, addresses financial exclusion and logistical challenges in the dispersed atolls of the Marshall Islands. The program uses a custom-built digital wallet, Lomalo, for transparent and instant fund distribution, benefiting over 33,000 citizens. It serves as a model for blockchain-based public finance in small economies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
We will have to build castles somehow. The rest will likely be on UBI living in high density housing eating lab grown meat having their carbon foot print taxed and only allowed minimal travel. Thank Ai for that. And get some sats if you have not yet.
This is not going to age well. Hopefully you can grow out of that mind set or it’s UBI for you.
Post is by: jampur_alburo and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pjn0sw/help_propagate_the_orange_seed_calling_for_holders/ I'm convinced that Bitcoin is the hegelian synthesis (thesis capitalism - antithesis communism) for Bitcoin's mass adoption (maximalism) we need to stop accumulating and begin the process of energy flow in a closed system (equilibrium in thermdynamics). Its immperative to stop using Bitcoin for speculation, we must used it for its original purpose (commerce). This way a new econommic system can born and wealth (social energy) redistribution can occur. This process begins with the simplest gesture: giving away SATS to common workers. Not as an investment, but as a gateway to a new monetary paradigm (the medium is the message). My idea was to try this alone in a little brazilian town, and explain to the newbeies it should be used only for buying goods or services (not sell for usd). But since I myself dont have much SATS and cannot find a way to take more loans I believed maybe other holders could join forces and help with the experiment. If we have success maybe UBI could happen in the next years. And we could begin decarbonizing the energy grid with Bitcoin leverage. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Nothing will have value in 2040. We'll all be on UBI and your magic Internet money will just be a mathematically interesting footnote in history.
Yea that’s the curve ball. With AI , market can be flooded with goods with cheap labour. Govts might hv to come up with UHI or UBI. At that point work itself is optional 😉
I have no idea on the timeline 12-16 years seems like a long time. Bitcoin has been around for 17 years and touched 126k. Thats less than a 10x move where we have another halving in ‘28 by then I would assume a number of “clarity” laws would have passed in different rich countries. I would guess 2030s going into the ‘32 halving. I think a lot depends on this recession we are in how much money will it take to fix the system when it breaks. AI will displace a lot of jobs thus government subsidies will need to occur (UBI).
These UBI tests are always pointless. If someone suddenly gets X amount per month for free, then it's basically the same as those typical lottery winners. What do you think they're going to do with it? Exactly, they're just going to either 1) save it or 2) spend it. Wow, so revolutionary! And you can bet your ass nobody will quit their day jobs because they're now getting X amount for free for X amount of time. These tests (I mean this one is just a marketing stunt anyways, but "real" tests have been done) are so meaningless. The recipients will obviously say "wow, this made my life so much better, so much more comfortable etc"... (who would have thought), but it will never show the real economic impact it would have if everyone received a UBI.... how it would be funded... what the psychological long term effects on recipients would be... etc...
UBI is when a company randomly decides to give 160 people some money. Lol
Then don’t call it “universal” basic income. Means tested distribution is not UBI.
There is no such thing as "UBI" unless it's literally universal. This is just giving someone a $12k lottery ticket.
Yeah, right. This UBI is such a failure, bunch of nonsense. They should have split that equally and have equal sum go to billionaires too, not only low income. Must be that they didn't know what U stands for in UBI, but luckily your comment here should enlighten them and teach them for the next time.
stupid as fuck and a waste of money. much better UBI ideas—in coinbase’s defense, most of which are an equally or worse waste of money—but a stupid premise nonetheless.
If it’s for low income, it’s not UBI. U = Universal and it’s supposed to go to everyone.
This feels dumb. They want to test how people spend UBI if it's given in crypto instead of cash. Since you selected people near the poverty line, and this is just a crazy guess, they are going to immediately turn it into cash to pay for bills/rent/food/up coming holiday. Like what else could be the outcome. I'm happy for the random people getting a piece of coinbase's money, but the study itself doesn't seem productive.
Coinbase is trialing a private UBI program?
tldr; Coinbase has initiated a crypto-based universal basic income (UBI) pilot in New York City, distributing $12,000 in USDC to 160 residents over five months. Participants receive $800 monthly payments and a one-time $8,000 lump sum. The program, funded by Coinbase's donation to a nonprofit, aims to test the effectiveness of crypto payments in low-income areas like the South Bronx and East Harlem. The pilot explores how digital wallets and lump sums impact financial behavior compared to traditional banking methods. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
They're gonna print their way out for now, transition to CBDC, implement UBI as AI demolishes the labor market and knowledge capital. What, how, and when you buy will be controlled, and BTC will be the only vehicle to sovereignty. Buy Bitcoin. It's inter-generational pristine capital that's finite. You should now be thinking about things like legacy, inheritance, anti-coercion features to fight duress/thieves, and the Bitcoin quantum threat. UnoLock is the way (disclosure: I'm associated with them). Once the control mechanisms are in place, we'll have very few pathways to break them. Bitcoin is one of them. Maybe the only one that matters. In 50 years, explaining infinite money printing to kids will be like explaining why doctors used to prescribe cigarettes for asthma.
You're missing the big picture here. When AI replaces jobs, especially white collar, mortgages don't get paid, banks are stressed and begin to fail. UBI needs to be introduced. Social programs. People will vote for all this because they have no option. The amount of government stimulus required is going to be insane. Wealth taxes will be introduced, etc. Scarce assets are going to be the most valuable because fiat will be worthless, and AI and robotics will assist in making everything else more abundant. The big bubble isn't AI valuations, it's human labor.
You have part of it right but you're missing the big picture here. When this happens, mortgages don't get paid, banks are stressed and begin to fail. UBI needs to be introduced. Social programs. People will vote for all this because they have no option. The amount of government stimulus required is going to be insane. Wealth taxes will be introduced, etc. Scarce assets are going to be the most valuable because fiat will be worthless, and AI and robotics will assist in making everything else become less scarce.
tldr; The Republic of the Marshall Islands has launched a Universal Basic Income (UBI) program using a government-issued digital wallet called Lomalo. This wallet utilizes the US dollar-pegged stablecoin USDM1, allowing citizens to access funds through digital means, physical checks, or direct deposits. The first disbursement is set for late November. The initiative aims to strengthen financial systems and ensure inclusivity, despite concerns from the IMF about potential risks associated with the program and the use of the USDM1 stablecoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
That's the broad thesis, yeah. People are going to be voting for UBI, stimulus, wealth taxes, socialism, communism, etc.
Or... hear me out: By 2030 we're all on UBI eating soylent rations. And only those with a few sats to spare can buy tobacco, liquor and chocolate from your local smuggler, we'll be fighting for scraps !
Obviously it’s better than not having it (if we’re in a situation where AI renders it necessary) but let’s not be delusional here. If you’re relying solely on UBI, you’re going to have a very minimal lifestyle
I don't believe in UBI funded by illegal taxes that are likely to get overturned unless you believe there is a valid national emergency with Brazil that is remedied by beef taxes.
All the cope in here is entertaining. Trump could say he's giving everyone a UBI and all the lemmings will all of a sudden shift positions. This is exactly what I voted for. Hell yea!
One time stimulus is not UBI little buddy
Stimulus checks are not UBI. Stop.
Privacy has been the thing lately (ZEC DASH SCRT ZERA) and that's based on legit fears of global gov overreach as the picture of robots taking jobs leaving everyone broke and reliant on UBI emerges from the fog of the future. If that sounds wacky, look at the requirements for Musk to bag his Trillion. UBI (universal basic income) is the best case scenario, and not even a very glamorous one. The other potential future is serfdom/feudalism, and is more likely as were dealing with people whose greed can clearly never, ever be satisfied. Musk earns about $6 million per working hour, and a Trillion dollars is enough money to buy a $10m mansion every day for 250 years.
Certain states already teased "inflation checks" . I think we are being conditioned for UBI
The normies store value in their homes. What happens to home prices when a) they can be built more efficiently, and b) white collar begin to lose their jobs? AI and robotics are going to change everything, and both sides are going to be voting for UBI, stimi payments, socialism, whatever you want to call it. People see this and think, "well robots aren't gonna be building houses, you're crazy". They don't have to - AI and robots impact the whole supply chain, for example - when a builder doesn't need legal or accounting he can lower his costs. When the tools he buys are made in a factory utilizing new tech his costs go down. When building supplies are delivered by drone, etc. You can see the direction this goes without "robots building houses". AI and robotics are so deflationary, and touch everything and one of the reasons I'm bullish on bitcoin. The housing as an 'investment' era will end and many will be left holding the bag.
I'm waiting for my UBI / stimmy check
So let’s say AI replaces 60% of jobs in the next 3 years. And let’s say there no UBI yet… good luck taxing the wealthy. So 60% of the consumers are broke now … what is AI working for?
You're right OP. Consider if you lived in a world with UBI or such abundance that cost of living, utilities, food, etc., were all basically free or so affordable it cost mere satoshis to acquire, a woman would not select you for your money. Your genes, appearance, voice, posture, style and aesthetic, skills, ways of conduct/lifestyle, sense of humor, and social status will matter more than how much money you have: real wealth that symbolic money cannot (or cannot easily) affect and change. Growing up, I realized that my mom only got with my father and put up with his bullshit for financial stability, and that she'd have been much happier on her own, and that she'd have selected a better man if she hadn't previously gotten involved with him and got knocked up on accident, and my genes and upbringing would have benefited for the superior selection rather than picking the drunken night worker whose union protected his drunk driving, theft, and other unsavory behavior. While some may think that AI/robot sex toys/porn may erode human relationships, which they can, I see it as a form of welfare or as a minimum baseline to address loneliness. If I can get sexual relief, food, a sense of companionship provided by a machine or other outlet, then I will not be desperate to involve and commit myself with someone unless there's a real connection and reason to be involved with the person's life. Despite my ex's fantastic and unforgettable plump bottom (shit was SO cash), I'd have not tolerated how she treated me if there were other well established avenues for relief. Instead of going with her because she showed me a slight bit of interest, and taking whatever I could get, I'd have waited for someone compatible to have come along, and if that never happened I'd have been happier not having been psychologically scarred by her.
If you have money, invest. The poor won't be able to. The gap will grow. We're entering into a meltup. You can look at WWII debt-to-gdp charts. Look at how long it took a country to pay off WWII debt. Now look at your countries Debt-to-GDP chart. Imagine how many decades before you have to pay the debt off. Now look at the move towards digital ID's, SWIFT adopting CDBC's (publicly), and robots and automation. We're heading towards a world with less jobs. Those on some sort of UBI (Universal Basic Income) will likely only own a TV and few assets, have minimal savings, and won't be able to retire. I imagine that's the generation after GenZ
It's a secret third thing: talking out of your ass. The hubris and unearned confidence used above after only a year in the crypto market is exactly why I'll keep printing returns. The general conceptualization of UBI began, in earnest, in the late 19th century with the gradual rise of Western democracies including the idea of the citizens' dividend. Over that same time period, we've witnessed the dramatic expansion of social support systems. And yet, not a single instance of UBI currently exists. This is no different than saying the world will end some day. Yeah? No shit. Without a specific time frame attached, it means next to nothing.
crypto based UBI is a good start.
Actually, they might be on to something. We came to believe the economic theorists that money came from prehistoric barter market and like popular commodity (precious metals and the like) became the medium of exchange and that actually never happened in practice. There was never a large barter market, money was invented by the governments to do prehistoric international trade and regular folks started using it because governments needed money for trading and started demanding taxes instead of slave labor. Non-government money like crypto is actually an attempt to create a new form of government (not in a classical sense but still). Whether such "government" should give out social support money is another question (wld is trying to experiment with UBI kinda 🤷) but perhaps the idea is not that misdirected, I'd think about it, maybe public good is important consideration for real world crypto, perhaps even more so that retail payments.
Just that workers already has extremely little bargaining power based on automation producitivty gains, and the thought of them being able to demand satoshi for their work when we are likely to reach a steady 20%+ unemployment in the developed (outside of fake jobs) over the coming two decades through massive advancements in embodied AI, and even more centralized and nationalized production lines. Combine that with the disappearing entry-level paths into the market for young people and wage , cementing them as a permanent renter/consumer class dependent on UBI or AI dividend to be able to sustain themselves. Does that sound like a financial environment where regular people will own Bitcoin and companies will hand it out willingly instead of hoarding as much as they can? Because unlike most tech utopiasn who don't think about real trajectories and incentives, I don't see things getting better on their own, even if the money printer pumps our bags to the moon.
The issue with real estate isn’t going to be Bitcoin. It’ll be AI. People won’t be getting income from jobs anymore but from savings and UBI. This will bring the price down a lot on the high end homes and without having to live near job centers and with autonomous vehicles people will spread out on the low end depressing the home prices a bit there too.
I’m learning new stuff every day — also through SPX6900. And we have to think about the disruptions that AI and robotics are already causing and will continue to cause in the future. Humanity needs a safe and thriving place where everyone wins in the long term. SPX6900 is like an early UBI.