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I think what we need is a new economic paradigm whereby humans work in symbiosis with AI and ever encroaching automation. There's a model I'm working on where t

I think what we need is a new economic paradigm whereby humans work in symbiosis with AI and ever encroaching automation. There's a model I'm working on where the base economic protocols are coded into a decentralized blockchain platform like Ethereum. Usually the knee-jerk easy response to automation is universal basic income. And while I wish/want us to all have a UBI; those in the developing world will definitely be the last groups on the planet to receive one. The future vision of the blockchain is the complete dismantling of all hierarchies and total autonomy at the individual level. So governments, organizations, VC, companies, jobs etc are replaced with DAOs and blockchain-based co-ops capable of the same or greater complexity and value-add without the hierarchy. The big issue I'm facing, and I think the whole ecosystem is facing, is how do you transition the global economy to that future? It needs to be incremental but rapid, familiar but new, to exploit existing human incentives and status quo's while hiding all the unfamiliar crypto jargon behind the scenes such that anyone can immediately and intuitively adopt the new economic protocol.

disordinary 10y ago
I wonder if it's going to be that big a deal where you live, the huge companies now know no borders. We live in a world of such scale that it's nearly impossible to compete with the companies that are established. As we loose jobs to multinationals and automation then something has to change in the way we structure our economies, because the income divide will grow as the rich (who earn wealth from owning) will not suffer as much as the middle class and poor (who earn money from working). At the very least companies like Google, Amazon, Facebook, etc. Are going to have to start paying fair taxes in any jurisdiction that they operate in. The fact that technology will be cheaper and more accessible (see the SpaceX internet satellite constellation) and no one will have jobs in the developed or developing world, coupled with the fact that in general poorer countries seem to have more natural resources (that can be automated but still generate wealth for the house country), means that things might actually level between the developed and developing. Of course the big companies will be based in the US and Europe, but unless you're giving every single person shares the money that they make will go to a few. In this admittedly doomsday scenario the money will actually drop because people won't be working to pay for services or buy products, but the scale will be such that they will still be highly profitable. Expect revolutions before that day.

disordinary 10y ago

I wonder if it's going to be that big a deal where you live, the huge companies now know no borders. We live in a world of such scale that it's nearly impossible to compete with the companies that are established. As we loose jobs to multinationals and automation then something has to change in the way we structure our economies, because the income divide will grow as the rich (who earn wealth from owning) will not suffer as much as the middle class and poor (who earn money from working). At the very least companies like Google, Amazon, Facebook, etc. Are going to have to start paying fair taxes in any jurisdiction that they operate in. The fact that technology will be cheaper and more accessible (see the SpaceX internet satellite constellation) and no one will have jobs in the developed or developing world, coupled with the fact that in general poorer countries seem to have more natural resources (that can be automated but still generate wealth for the house country), means that things might actually level between the developed and developing. Of course the big companies will be based in the US and Europe, but unless you're giving every single person shares the money that they make will go to a few. In this admittedly doomsday scenario the money will actually drop because people won't be working to pay for services or buy products, but the scale will be such that they will still be highly profitable. Expect revolutions before that day.