This is really thought provoking. Thank you.
Discussion
This is one of those weird things I write that seem just bizarre and illogical, I know, but money is inefficient technology because it adds a generic-tokenization step to every transaction.
A direct trade of goods is more effective, in theory, but asymmetry of time, place, amount, etc. leads to inefficiencies that we use money to compensate for.
But production could become so hyperefficient that you won't need money to acquire most goods and services. Sort of the way that open-source has made most software free to use. This would lower the value of money, by lowering its usefulness, even if the scarcity of that money increased.
Another weird dynamic is that requiring less human labor overall makes the value of each unit of that labor higher, as less-productive labor leaves the market and the average price rises.
If you have a rotten tooth and suffer incredible pain and are slowly being poisoned by it, and there's only one dentist available, how much is his labor worth?
Well, how much Bitcoin you got? 🤔
Wouldn’t the value stay the same? However if something then happened increasing demand then the remain ‘tight supply’ would go up in value fast. “How much Bitcoin you got?”
