How The Revolution Of Money Will Reshape Our Future \ stacker news ~econ

How The Revolution Of Money Will Reshape Our Future www.zerohedge.com/crypto/how-revolution-money-will-reshape-our-future

1135 sats \ 5 comments \ @siggy47 22 Sep econ

As AI and Bitcoin become integral to our financial systems, we can expect a dramatic increase in economic growth and efficiency, similar to the productivity gains seen during previous technological revolutions.

I don't agree with everything in this article, but I thought it was an interesting read.

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210 sats \ 0 replies \ @Undisciplined 22 Sep

I agree with that take. broadly. So much expensive human effort is expended on repetitive cognitive tasks. Those will be faster, cheaper, and more reliably done by AI. Also, freeing up all those labor hours will bring down the labor costs and increase the efficiency of everything else.

I haven't looked into the details, but I've seen predictions of 90% average cost reductions. That happened many times during the Industrial Revolution, so it's not as implausible as it might seem.

43 sats \ 0 replies \ @Satosora 23 Sep

Are people actually using ai? Other than students trying to cheat on writing papers?

43 sats \ 0 replies \ @hasherstacker 22 Sep

Evolution of money

43 sats \ 0 replies \ @Manikese 22 Sep

I think that it is natural in society to have people with different drives and abilities. I see less ultra rich, a few insanely rich, less poor people that work, and still homeless and poor people that don’t want to work. The biggest change will be that poor people that work 40+ hours will be like the middle class of today. Middle class living will continue to improve.

0 sats \ 0 replies \ @Lumor 22 Sep

Probabilistic word sallad.