Are We Heading For A Post Monetary World
Cryptocurrency is changing a lot of things. I firmly believe we are moving towards the Age of Abundance.
In this video I discuss how we might be seeing the foundation laid for a post monetary society. We are going to witness the rise in incomes as crypto takes over. At the same time, technology is going to drive down the cost of many things.
▶️ 3Speak
0
0
0.000
Money is reputation.
Only way to get rid of money is to create a superior reputation system.
But it seems like we are just upgrading money by making it programable.
Kinda sounds like post scarcity will have to exist for generations before money gets largely eliminated.
Posted Using LeoFinance Beta
Probably with some Chinese style points system it will be possible to abolish certain powers of money, but I see it difficult, after all nothing prevents people from making other 'money' and I am sure they will do it because it is much easier to trade with some means of exchange.
It would be decades before we see this, I agree with you.
However, it comes down to money is still a tool of collaboration. What happens when automation takes the essence of producing the basic necessities?
It is an interesting thought experiment.
Posted Using LeoFinance Beta
I am interested in seeing what comes after crypto. In a way do you think quantum will put a stop to crypto as the computational power will increase too much for the current crypto systems?
Posted Using LeoFinance Beta
The first goal of quantum should be to create quantum proof encryption.
After that, it is anyone's guess since we dont know what something like that can genuinely create.
Posted Using LeoFinance Beta
2022 is bent to be an awesome year, alot at stake for the new world order
Posted Using LeoFinance Beta
Interesting things to think about. My ears perked up when you brought up real estate. This is something I'm seeing become a major concern. I hear about it everywhere. Young workers have sky high rent expenses because of people buying up all the affordable property for investment purposes. I also keep hearing people living in other countries trying to let Americans in on the secret that they enjoy a much higher standard of living living in other countries. It's almost like we're suffering needlessly. It's going to be very interesting to see what happens in the USA in the next decade. So much is on the brink of popping. So much change in the air. So many problems that need solving. Most people are looking straight at the problems and are utterly unable to imagine any solutions. That's why I love your content.
Summary:
In this video, Task discusses the concept of a post-monetary society and the potential transition towards it. He explores the role of scarcity in the current economic model and how advancements in technology, particularly cryptocurrencies, are driving us towards an age of abundance. Task emphasizes the impact of technological growth, especially in computing and communication, on creating abundance in various industries. He delves into the evolution of money, the potential future where data itself holds monetary value, and the significance of open-source projects in offering free or low-cost solutions. Task also reflects on the implications of advancements in robotics and automation on the labor market and economic system. Overall, he raises thought-provoking questions about the future of work, income, expenses, and the economy in a world moving towards post-scarcity and post-monetary systems.
Detailed Article:
Task delves into the notion of a post-monetary society, questioning the current economic model rooted in scarcity. He highlights how traditional monetary systems were designed to facilitate transactions of scarce goods and services. However, with the rise of cryptocurrencies and technological advancements, there is a growing shift towards abundance. Task suggests that industries like communications, information, and shopping have already witnessed this transition towards abundance due to the internet.
The discussion extends to the potential future where all data is monetized, leading to a paradigm shift where data itself becomes valuable currency. Task speculates on the direction technology might take in the coming decades, pointing out how unpredictable advancements like cryptocurrencies and NFTs were just a few years ago. He emphasizes how software and digitalization have transformed various sectors, making many services and entertainment virtually free.
Moreover, Task explores the implications of automation and robotics on the labor market. He contemplates a future where humanoid robots could replace human workers in various industries, potentially leading to abundant labor and reduced costs. This scenario prompts questions about the economic system's adaptation to widespread automation and its impact on individuals' earning potential.
Task's discussion also touches upon the potential impact of global real estate trends and the availability of cost-effective living options in different countries. He envisions a world where individuals can leverage technological advancements to minimize expenses and maximize income, potentially reshaping personal financial dynamics.
In conclusion, Task encourages viewers to consider the implications of transitioning towards a post-monetary society, a world characterized by abundant resources, automation, and evolving economic systems. Through thought-provoking insights and speculative analysis, Task opens the door to a broader discussion on the future of technology, economics, and societal structures in an increasingly digital and automated world.