There’s a paradox in the nature of money in that for it to be a good store of value, it must have scarcity. At the same time, that scarcity is at the core of the nature of poverty. Scarcity used to be a part of the natural order of things in terms of our human values. Now it’s becoming more artificially enforced through policies of economic exclusion. There’s actually a good reason for this and it probably isn’t just your first impression of what’s wrong.
We’ve been the victims of a fabulously successful industrial revolution. Machines are able to create automobiles given the resources with relatively little human effort. Why is it that so many people are homeless, foodless, autoless, etc? Because these benefits are held by authority with stipulation that you have to jump through a certain number of hoops in order to be worthy of these benefits. They have become intertwined with status, and ultimately ego.
I don’t mean to be so critical of authority. They also have a terrible problem. They’ve been farming humans and the herd is growing out of control. It’s a natural disaster waiting to happen. They also really aren’t fully in control. Too many attribute god like powers to the politicians and CEO’s of the organizations that run the world. They individually have partial but minimal control in contrast to the 9 to 5 employee that has no control.
This is why decentralization technology is so important and a necessary step in human survival. The byproduct of authority, which is a natural extension of attempts at control, is terrorism. Terrorism is a weak means of attempt at political control. Only when such control is rendered useless through decentralization using game theoretical incentives to dissuade bad actors can it be rendered obsolete.
Ultimately financial control is really about what is allowed to exist in the world. This is why those with the most money have an agenda to try to control what exists because for everything that exists, something else must not exist. Anaximander once said…
The place whence things come to be, there must they pass away by necessity, for they must pay penalty and do recompense, according to the ordering of time.
Andreas Antonopoulos explains how this system is about to be disrupted…
The next question is what happens when everyone has everything they want? If everyone is a millionaire or better, what happens to the ecosystem? This essentially will be what happens when replicators can create anything that you want. Again the question then becomes what should exist here in this moment? In the past, authority gave you an allowance, but not enough to do real damage.
When replicators make this a reality, then the question will become should it exist? It’s like the genie who grants you three wishes. The end result is that typically it does a great deal of damage. Beware what you wish for. Assuming that this technology is successful, the issue will be one of zoning (what is allowed to exist where). We currently have that in city governments that for instance say that homes should not have business signs without licensing, that chemical processing planets should not be built next to hospitals, etc…
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