Replying to J.

Jeff did not seem to answer your question on the consequences for people losing their job to AI.

He circles around it that if everything gets cheaper you need less or nothing.

That maybe true if you have enough bitcoin already but there are only few who do.

And if the few control the AI/robots and your labor does not earn you bitcoin anymore you watch the prices go down in bitcoin terms for others but you are still screwed if output does not get shared.

Plz let me know what I am missing....
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Jeff Booth 4mo ago đź’¬ 4

As Ai does more of the work, we won’t have to. Prices over time (in Bitcoin terms) fall in direct proportion to the work removed. We will compete with everyone to provide more value which will drive the process faster - reducing prices (in Bitcoin) faster, decentralizing faster, breaking all monopolies - including the AI monopolies of today (growing in power and influence because of broken money), large government, and structures arising from them today. Giving us more agency, freedom and abundance with each step.

Or - we will give our energy to and measure from….. a system that coerces, controls, and centralizes by stealing that all of that from you - with everything getting worse from within that system.

The systems are incompatible together. One must consume the other and every single person is making the decision about which one with their time and energy.

The jobs will be gone anyways. The question is have we transferred all of our power to a control system that gives rise to a type of totalitarian control (that you mention) before they do……or break that control structure by building onto bitcoin and ensuring its decentralizing and security.

Hope that helps.

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Five 4mo ago

On a bitcoin standard people can thrive from the fruits of the radically free market, as long as they demonstrate creativity and proof of work.

I think in the era of AI, the process of obsoleting redundant work is accelerated, which puts those people in the top ranks that strive to learn every day, coupled with strong work ethics and integrity.

As to the early stackers:

It doesn't matter in the long run how much you stacked early. What matters is if you can really see the world through the lens of bitcoin and understood its implications. And it's never too late.

The idea that "those who have plenty will be given even more" seems like a proof of stake idea from this perspective and doesn't make sense in a system based on proof of work.

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Clapton1062 4mo ago đź’¬ 2

I don’t really understand the part that saying we should see the prices “in Bitcoin terms”, while now majority of things are priced in USD? So most people living in countries cannot use bitcoin practically still have to see the USD price of bitcoin to “price everything in bitcoin”, right? How can people really price everything in bitcoin now?

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Jeff Booth 4mo ago

By making the conversion each time in your head or downloading software that helps you do that. Yes - it’s hard to do (at first) but that’s also the unlearning that has to happen to untether one from the control system.

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Mike Beatty 4mo ago

There are also many ways to actually spend BTC in ways you may not see at first- bitrefill on apps like Strike and I’ve been amazed at how many places are open to accepting bitcoin when they learn how much they can save in fees (especially small barbers or fresh produce places/ farmer market type people) it doesn’t happen right away but certain people are open to it when they see the benefit for them

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J. 4mo ago

Can you tell me if this is the correct way to look at it:

- government is not efficient

- if we can build without government interference (free market)

- eventually it will lead to abundance

- people in this new system will share the abundance since there is enough anyway (will never happen in current system)

- in the shift to the new system people without bitcoin, AI/robotics and/or added value will be fucked until the shift is complete

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J. 4mo ago

Jeff, did you see this message? Really curious if you think this interpretation is correct.

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Mike Beatty 4mo ago

Jeff, something I’ve been toying with for ages and can’t figure out:

won't Bitcoin just create new monopolies? Companies like MSTR that bought early will have massive Bitcoin hoards to outspend everyone else, and there'll still be first-mover advantage in every industry. Basically won’t there just become new monopolies?