31 sats \ 4 replies \ @godzhigella 1 Sep 2023 \ on: I have an Elon Musk theory... bitcoin
I feel like Elon has been leveraging Jacque Fresco's Venus Project idea, such as Hyperloop, Tesla Cars, Bots, and etc, all of these projects seemingly aiming for "Society without currency" ultimately, with everything working autonomously, thanks to AI / AGI and the state-of-the-art technologies, and reminding me of Jacque's resource-based economy idea, because Bitcoin literally can be the perpetual motion machine by AI / AGI even though it's not turing complete.
I've never heard of that before but I will read up on it.
My first thought is that a "Society without currency" would never work because currency tends to be an emergent property of society. People would find reasons to trade and eventually find the most salable good would become the currency.
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True. But the point is that "currency" totally depends on the bank, while "money" can be independent. Ultimately, even love can be money because it's a kind of communications in a P2P manner, so long as it's not issued by the bank, I think there're some possibilities where "Society without currency" would work.
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I doubt Elon can be a BDFL, though, just like Vitalik. As @TwoLargePizzas said, he's such a wild card🫠
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