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What do you need an economy for once you've managed to get rid of all scarcity? Th economy is imho just a tool for allocating scarce resources.
by adrianN 5y ago
What do you need an economy for once you've managed to get rid of all scarcity? Th economy is imho just a tool for allocating scarce resources.
- serverholic 5y agoIf I'm an artist I still need food, shelter, and to buy things in the real world. If I can't make money making digital assets then that heavily disincentivizes me to make them.
- adrianN 5y agoOf course in your scenario we haven't reached the "endgame of economics" that we're currently speculating about, because there still is real-world scarcity.
- __MatrixMan__ 5y agoLuckily, I don't think this is an issue that we need to have consensus on. Even if 95% of the world thinks that NFT's are silly, if 5% wants to use that model to fund the creation of things that they like, there will still be a market for your tokens.
- preseinger 5y agoScarcity will exist until we become a type-2 society. That's not happening for hundreds or more likely thousands of years. If you want to perform the intellectual exercise of speculation then I'm on board but let's make it clear that's what we're doing.
- adrianN 5y agoI thought that's what we're doing in this thread, since we're talking about the "endgame" of economies.