Give a man a fishâŚ
Thinking about UBI lately. Kurzweil also predicts it quite soon.
With AI&Robotics changing the job market significantly, and fiat issues compounding on themselves, UBI seems a necessity(?) to avoid mass poverty/unemployment. Esp the way fiat debt lending has led the population to, en masses, be overleveraged and insolvent.
Is this (UBI) a positive or a negative then? Or just more or less an inevitable "solution" governments will use as a knee jerk?
Mass unemployment and poverty doesn't seem like a positive or even likely scenario.
The grocery rebate (canada's government handout for low income earners) and sliding tax bracket scale are already precursors to UBI in that it is "giving" the already financially vulnerable a break.
But UBI, napkin economics here, seems like it only perpetuates the issues of fiat central banking. So it's a net negative in the long run.
Thoughts?
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Discussion
Yes. I agree. I just anticipate a lot of people not wanting or being able to know how to learn to fish.
That is why a transition to Bitcoin matters so much. Prices âshouldâ fall at the about the rate that technology reduces jobs.
In our existing system, we manipulate higher prices so that we can make government bigger to manipulate them more ( because people donât have enough money to live b/c the prices were manipulated higher in first place)
Measuring in Bitcoin allows you to see the real prices of everything falling over time.
Jeff, hyperbitcoinization happening as quickly as possible is the most humanitarian and best way to achieve a Bitcoin standard.
We should drop the narrative of a parallel system continuing to systemically exploit everyone.
Think about it, rip the band aid off, put your hand on the stove, accelerate the stress. The longer fiat exists the more malignant it becomes and the less likely escape velocity will be met for hyperB.
The longer this takes the less likely hyperB happens; a slow transition is return free risk.
Itâs hard to measure a system from within a system.
A c c e l e r a t e
It does not matter what I want or what you want. The rate will be determined by 8 billion people understanding, then use of it as a medium of exchange, and both those will be driven faster by 2nd and 3rd layer applications that bring more value and/or reduce risk.
Ps - I suspect weâre much further out than you think bc of how slow minds change.
Pss - but it shouldnât matter (except for wanting more people to understand how great it is) b/c each person can choose to live in that world regardless of what the rest of society does.
Bitcoiners4Trudeau > Bitcoiners4Pierre
If we want hyperB then JDaddy is our guy.
P.S.: Think of acceleration theory and do the game theory in this scenerio; imagine if the Canadian Truckers were LGBTQ / Drag Queens, what happens to âthe systemâ under that scenario?
A c c e l e r a t e
I also think hyperB comes down to 1) a few billionaires understanding game theory and 2) a few bond normies realizing bonds are a Ponzi going to zero and are only propped up by their beliefs in an imaginary system.
Bitcoin isnât complex math; itâs complex psychology and Stockholm syndrome like a crack-like addiction to the highest degree.
#[10]â said by 2029 we will see hyper bitcoinisation. So Iâm not worrying too much.
Right. So UBI is just the next step to this artificial system.
When you say "measuring" in Bitcoin... I've often thought how would we non-artificially agree on how much 1 Bitcoin/a set amount of Satoshis could buy/produce in a system without fiat.
If we stopped measuring Bitcoin in US or CAD dollars... how would be come to a value price on a basket of goods?
I ran this through GPT and we came up with a value where the costs of mining was a contributing factor and so was the velocity and network participants. How else might we conceptualize a standard value? Scarcity also factors in.