Replying to Avatar walker

“The Price of Tomorrow” by #[0]​ summarized by ChatGPT (if you haven’t read it you should do so):

1. Technological progress is exponential and is accelerating, which will inevitably lead to deflation and job displacement.

2. The current economic system, which is based on debt and inflation, is unsustainable and will collapse under the pressure of technological progress.

3. To avoid a catastrophic collapse, we need a new economic system that leverages technology to create a more equitable and sustainable future.

4. The key to success in the future is to embrace innovation and collaborate with technology, rather than trying to resist or control it.

5. Artificial intelligence, robotics, and automation will continue to replace human labor, which will require a fundamental shift in the way we think about work and employment.

6. The education system needs to be reformed to prepare future generations for a world where innovation and adaptability are essential.

7. The future will be characterized by abundance, but we need to be willing to adapt and change our thinking to get there.

8. We need to address the issue of income inequality, which will become more pronounced as technology continues to disrupt the job market.

9. Governments and policymakers need to be proactive in anticipating and addressing the challenges that will arise from technological progress.

10. The future is not predetermined, and we have the power to shape it by embracing innovation and working together to create a better world.

So, re 1: deflation of current goods and services. They wi be backfilled by said new innovation that will demand premium prices, thus leading to abundance.

Re: Income inequality. That will fix itself due to Bitcoin scarcity. Capital allocation will be to the highest innovation and most productive people. Hence, while there maybe an uneven start, the whales will become smaller (too comfortable) and the shrimp will gain (more hungry).

Re: government, not needed. Local communities will govern themselves surrounded by local values.

Re: labor; due to abundance, people will value art, architecture snd philosophy. And due to automation, there’ll be a lot more time for it.

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