Jeff, I’m worried that even if we adopt bitcoin as sound money, AI improvements will siphon money to the top leaving the middle class in the dust. In your thesis, prices should deflate, but what if the common person can’t find a job to make bitcoin? What are your thoughts on this, and do you think UBI on a bitcoin standard could help this?
Discussion
Why would AI destroy the middle class? Calculators didn’t replace mathematicians and spreadsheets haven’t replaced accountants. AI is a powerful tool to get more done but it’s not a new way of innovating. Creative destruction will still hold true.
With help from watching hundreds of podcasts, it's possible to be hopeful for the future....
'By virtue of exchange, one man's prosperity is beneficial to all others' ~ Frédéric Bastiat
Everything will be repriced in #Bitcoin .... That's if AI doesn't destroy our civilisation first....
#Bitcoin
Could you put a LN address on your profile?