The economy is fundamentally broken. This is because the money is broken.

People shouldn't have to panhandle at concerts to get by. They should be afforded the ability to store the fruits of their labor in a money that isn't being constantly debased.

They say a picture is worth 1,000 words. The story being told in this picture is incredibly depressing and dystopian.

Bitcoin is essential for human dignity in the 21st century. Luckily, more people are waking up to this fact every day.

Any BitAxe runners on Nostr? What's your best difficulty?

If this happens the American political system is firmly in the phase of degradation where leaders are just buying votes and favor with fugazi debt coupons. Also, these purported “savings” are just more made up bullshit fake government statistics. nostr:note1ks7szua6vw2dvjpasn93gl9ljf2n2dsxu3t6m5qw4f9lqvdz9k0scvclpr

Let’s make a deal.

You say something true below and I zap you 615 sats.

Oh yeah, read that book. Full of shit about how our food system was corrupted for profit

This is a photo of me the exact moment bitcoin hit 10k

This is a photo of me the exact moment bitcoin hit 10k

I recommend reading the begginign chapters of Jason Lowery's Softwar.

What Chamath is saying, to me makes sense. It connects to the Power Projection theory.

I don't understand why we have so much stuff.

We throw a carload of stuff away, every weekend, and there's always more stuff.

What an evil perspective to have. The same perspective of those who think if you aren't exporting violence to other countries you're an "Isolationist"

This can be whitled down to: "We need to be able to kill everyone and if not, be able to buy them. Or else, our country will fail."

Disgusting.

I was talking about finding ways to do it externally but the platform owners will no doubt do this as well because it is such a low hanging revenue stream and if they're publicly traded, gotta maximize that shareholder value above all else.

The argument raises important concerns about technological unemployment and social consequences but has several issues:

1. Technological Determinism Without Sociopolitical Context

The argument assumes that technological capabilities directly determine social and economic outcomes, neglecting how policy, laws, and social norms shape technology’s impact. Historically, labor displacement has led to new forms of employment, often because of societal adjustments (e.g., welfare systems, universal basic income proposals, or labor rights movements). It overlooks how governments and societies could adapt through redistribution or new economic models.

2. False Equivalence Between Economic Worth and Human Worth

The argument conflates economic productivity with human value. While it acknowledges a darker side of human behavior (loss of empathy when utility disappears), it implies that a world where many cannot “outperform” robots economically naturally leads to exclusion or extinction. Societies have often supported non-economically productive members (children, elderly, disabled individuals), which contradicts the assumption that lack of economic utility leads to dehumanization or elimination.

3. Linear and Singular View of Progress

The narrative suggests a linear progression: first the bottom 20%, then the next 20%, and so forth, as if economic value is a fixed spectrum and as if job displacement will be uniform and inevitable. In reality, new industries often emerge unpredictably, and technology can augment rather than replace human capabilities. Additionally, human labor markets are not purely meritocratic; social, political, and cultural factors influence value and employment.

4. Overestimation of Technology’s Autonomy, Underestimation of Human Creativity

While it criticizes technological hype (e.g., mobile AI limitations), it paradoxically falls into the same trap by assuming that once robots are capable, the consequences are inevitable. Historically, technological advances have often complemented human labor rather than replacing it wholesale (e.g., industrial revolution, information age). Human creativity, empathy, and adaptability often create new niches of value.

5. Oversimplification of Capital and Ownership Dynamics

The discussion of capital holders dominating through robot ownership oversimplifies economic power structures. Technologies often become decentralized over time, and monopolistic control can be disrupted by innovation, regulation, or collective action. Additionally, open-source movements, digital commons, and cooperative ownership models challenge the narrative of capital consolidation.

6. Fear-Based Speculation Without Exploring Positive Outcomes

The argument frames the future in a dystopian manner, emphasizing conflict and extinction but not considering counter-scenarios where technology leads to more leisure, better quality of life, or communal wealth-sharing mechanisms (e.g., universal basic income, worker co-ops using advanced tools, or post-scarcity economies). Fear is presented as the dominant driver of human action, but hope, empathy, and cooperation have historically shaped major social advancements.

Conclusion:

The core flaw is that the argument assumes a deterministic, zero-sum relationship between technology and human value, underemphasizing human adaptability, social policy, and the capacity for collective solutions. It taps into genuine anxieties but falls short of a complete, nuanced exploration of technological, social, and economic evolution.