Robotics enables physical hyperdeflation. Labor becomes just electricity & code. Real prices for everything should fall, including cost of living, if fiat also recedes.
As a goal, if your annual crypto dividends can pay for the electricity, you should be able to live off robots.
As a goal, if your annual crypto dividends can pay for the electricity, you should be able to live off robots.
https://twitter.com/brian_armstrong/status/1466462918795534339
One way to think about the world is a tug of war between (a) the inflation created by the US federal government, where printed funds prop up politically favored sectors, and (b) the global forces of technological hyperdeflation.
https://twitter.com/balajis/status/1452562005731078146
We see this directly with housing. Your rent is high because the Fed diluted you down to bail out banks & prop up mortgage-backed securities. And because the government limits construction via picayune regulations.
Inflation, regulation, subsidy — all to prop up the past.
Inflation, regulation, subsidy — all to prop up the past.
https://twitter.com/balajis/status/1450265144345333763
The transition from an environment where the state steals all the money to pay their cronies and inflate your prices to one of technological plenty will be disruptive, but we have a vision of what’s on the other side: fully automated luxury cryptocapitalism.
https://twitter.com/balajis/status/1450622785466683395
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