Galley on Nostr: Thanks for this conversation. My pastime during the day to try to inhabit this ...

Thanks for this conversation. My pastime during the day to try to inhabit this mindset is to guess the Bitcoin value of all objects I see around me. On the drive to work I pass 1000 cars... How much are they worth? What percent of the world's economic power do they represent? At the moment it's more than 1000 BTC.... But it's one stretch of highway in one city. What do the overpasses cost, what do the streetlights cost? What does the maintenance cost? There are 50+ cities bigger than mine. Even if these 50 cities were the whole world that's 420,000 BTC per city. How would it be apportioned? What fraction would the world's 1.1 billion vehicles command? These kinds of questions help me at least think about pricing in BTC--a true Booth-style BTC standard.

Jeff Booth (npub1s05…eyhe) I would like to ask whether you agree that one way we could "give people jobs" is to vastly increase human-to-human contact jobs like elder care, schooling, youth development and so on. Is there a future where we can distribute the productivity gains well enough that we could have a prosperous economy from which a system with strong social supports (a sort of free market parallel to the nanny state) could emerge? I agree with your arguments against UBI, but I struggle to see how society will structure itself so as not to exclude the legions of people displaced by tech. Thank you sir!