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Luffy · 178w
Hey Jeff. Quick Q. I don't 100% get the good news. Productivity gains via AI and robotics are only good on a bitcoin standard really arent they? Wouldn't AI/robotics have the effect of increasing the...
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Jeff Booth @Jeff Booth
Yes - only on a #Bitcoin standard will the productivity gains be distributed broadly. It will force governments to choose complete control of markets or to embrace free markets (ie - Bitcoin)
Two different versions and each person has a choice to live in the world they want. (But the transition will be chaotic because most will measure and reinforce the legacy system)
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Micah541 · 178w
While clearly gains are not currently distributed widely, there is no good reason to believe the gains would be better distributed because a different money standard, especially if “free markets” is law of the land.
ralphstriewski · 178w
The transition will be rough IMO #[0]
Luffy · 178w
I guess if we believe that fiat systems provide individuals and governments with unfair advantages (ie cantillon effect if you are close to printer) then the ability to NOT print money by default means that a fixed money supply system is fairer. No?