One side effect of this system is that the money supply will be elastic, but creating money will require effort. No one would be able to print money. Another will be that the baskets will compete with each other to maintain stable value, which crowd sources the problem of measuring inflation across all the people negotiating employment contracts / wages in those baskets.

I have been listening to your discussion with Pascal on the bitcoin enlightenment. I am in the section about using bitcoin as a ruler and you ask when that will happen. I think once bitcoin checkmates central banks so that they can't print money anymore, there will be a period where the value of bitcoin stabilizes, and other forms of money that require trust rise and start to compete with bitcoin to be used as money. One obvious form of that is tokenized commodities and baskets of commodities chosen to have stable value or chosen to match what people typically consume in a given region (electricity, gas, local apartment rental, food, ...). . Bitcoin would enter that system as one commodity among many, except under jurisdictions whose legal apparatus refuses to enforce the redemption agreements for tokenized commodities. In those, bitcoin would be the only acceptable form of money.

Hope you are feeling better soon, Nat. I *love* your podcast. You bring such joy, enthusiasm, and insight to the space of bitcoin commentary.

What would this world be without arithmetic, but a scene of horror?

I think the timestamp server use case might be very useful in reforming the financial / legal system, by proving who knew (or agreed to) what when. It would both compete with, and support bitcoin's use as a currency.

As you move through your career, you will notice things in your field no one else does. Take on problems that matter that everyone else ignores. This is your Edge. Relentlessly sharpen it.

I would like to hear about your thoughts on vaccine safety testing and how covid was handled. What points do you and your husband disagree on?

Agree on the scamming of investors. I think we will make lots of narrow AI systems with very useful capabilities but general AI will not be possible.

How do you think AI tech is going to play out in the coming years? Do you think we will achieve AGI?

The billionaire class needs to stop making outrageous amounts of money from selling onesies with propaganda stenciled on!

They work just fine in terms of satisfying demand for commodities efficiently. They don't work just fine in terms of being usable as a form of money. Which they could if they were tokenized.

There is of you want to create currencies from baskets of commodities (flatcoins). I think those are destined to become units of account, which I don't think Bitcoin is useful for the until after the price stabilizes. And even then, bitcoin is one commodity among many. Would you be willing to hire someone for a fixed amount of Bitcoin as their yearly salary?