Sendtotim on Nostr: My 4Fs ASK (Fiat Friends Family and Fools) : AI is the most transformational ...
My 4Fs ASK (Fiat Friends Family and Fools) :
AI is the most transformational technology in the world, much more than Bitcoin!!
I SAY:
• We live in a deflationary world! Technology grows exponentially, stuff that once cost X amount today costs less and will cost even less in the future. This means that we should live in a world where prices should always be falling! With the same income, people would have more purchasing power. Why doesn't it happen?
• You know... increase in the money supply... The increase in the money supply is not 2%... Inflation is not 2%. Real inflation is the target of 2 %, plus all the deflationary innovation that has been deployed in the society, which should lower prices by 5-7% every year. We're talking about ~8% per year, compounding…every year.... Not to mention years when inflation is still higher as it has been lately...
• All this value is being captured, only by one part of our society, the Cantillonairs, first by those who are close to the money printing machine and then by those who have assets that keep pace with inflation. The group that suffers the most, are all those who have no assets... They are getting poorer and poorer, the degradation of society is notorious.
• All the benefit of innovation is being captured by few, who are getting richer and richer.
• AI, applied to the current model, will create huge efficiency benefits. With AI, technological innovation will grow even more to an even greater exponential level! Which means that AI, under current FIAT rails, will further skyrocket the wealth inequality, and concentrate it on a small group of society. Those close to the money printing machine, and to a lesser extent, those who have some assets and finally NOTHING to those who have NO assets. Creating even greater social cleavage.
• Understood so far? AI is a problem for current society as it currently runs under FIAT rails. It will cause disruptions, cleavages, wars...
• Let's now imagine a scenario. A scenario in which money is not printed and is constant over time (fixed supply), which is accessible to everyone globally, and is permissionless from any state or nation.
• In this scenario, innovation would make prices go down continuously, meaning that prices would be deflationary. But since the supply of money supply remains constant, it means that the holders of that money supply would have more and more purchasing power. Because this money is accessible to everyone, everyone who owns it, will benefit... This money fully captures all the benefits of innovation equally, for all, in proportion to their savings that have been achieved by their labor and energy consumption.
• BTC ensures that the benefits of AI are distributed to all holders of that money supply. We will live in a society of abundance, for ALL.
• The current AI model, over FIAT rails, creates abundance for a few and poverty for the many. AI on BTC rails CREATES ABUNDANCE FOR HUMANITY.
AI is the most transformational technology in the world, much more than Bitcoin!!
I SAY:
• We live in a deflationary world! Technology grows exponentially, stuff that once cost X amount today costs less and will cost even less in the future. This means that we should live in a world where prices should always be falling! With the same income, people would have more purchasing power. Why doesn't it happen?
• You know... increase in the money supply... The increase in the money supply is not 2%... Inflation is not 2%. Real inflation is the target of 2 %, plus all the deflationary innovation that has been deployed in the society, which should lower prices by 5-7% every year. We're talking about ~8% per year, compounding…every year.... Not to mention years when inflation is still higher as it has been lately...
• All this value is being captured, only by one part of our society, the Cantillonairs, first by those who are close to the money printing machine and then by those who have assets that keep pace with inflation. The group that suffers the most, are all those who have no assets... They are getting poorer and poorer, the degradation of society is notorious.
• All the benefit of innovation is being captured by few, who are getting richer and richer.
• AI, applied to the current model, will create huge efficiency benefits. With AI, technological innovation will grow even more to an even greater exponential level! Which means that AI, under current FIAT rails, will further skyrocket the wealth inequality, and concentrate it on a small group of society. Those close to the money printing machine, and to a lesser extent, those who have some assets and finally NOTHING to those who have NO assets. Creating even greater social cleavage.
• Understood so far? AI is a problem for current society as it currently runs under FIAT rails. It will cause disruptions, cleavages, wars...
• Let's now imagine a scenario. A scenario in which money is not printed and is constant over time (fixed supply), which is accessible to everyone globally, and is permissionless from any state or nation.
• In this scenario, innovation would make prices go down continuously, meaning that prices would be deflationary. But since the supply of money supply remains constant, it means that the holders of that money supply would have more and more purchasing power. Because this money is accessible to everyone, everyone who owns it, will benefit... This money fully captures all the benefits of innovation equally, for all, in proportion to their savings that have been achieved by their labor and energy consumption.
• BTC ensures that the benefits of AI are distributed to all holders of that money supply. We will live in a society of abundance, for ALL.
• The current AI model, over FIAT rails, creates abundance for a few and poverty for the many. AI on BTC rails CREATES ABUNDANCE FOR HUMANITY.