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It's worth pointing out that all those discussions about what is the new currency or what not are only even remotely possible in the very advanced, almost-post-
by swombat 16y ago
It's worth pointing out that all those discussions about what is the new currency or what not are only even remotely possible in the very advanced, almost-post-scarcity economies that we live in.
If the global economy collapses or a world war erupts, for example, hackers, bankers, public speakers, and other intellectuals like us, may find that the real currency becomes the ability to grow vegetables on a piece of land. Cue virtuoso pianists exchanging their £10k Steinberg concert grand piano for a sack of potatoes.
- gaius 16y agoIt's more likely in that scenario that Steinbergs and Stradivarii would be burnt for warmth.
- notahacker 16y agoIt won't need a global collapse for all but a tiny handful of startups that consider revenue irrelevant to run out of funding before turning a profit. "Relevance" is only a means to currency, whether it's coming from your user base or the perceived future value of your user base. There are worse things than being an "irrelevant" behemoth that generates wads of cash and uses it to buy more innovative companies that don't too.