[ExI] Inevitability of the Singularity (was Re: To Max, re Natasha and Extropy (Kevin Haskell)

Stefano Vaj stefano.vaj at gmail.com
Fri Jul 8 17:15:33 UTC 2011


On 8 July 2011 00:17, Samantha Atkins <sjatkins at mac.com> wrote:
> Economics will never be ditched in most of
> its critical components.  There is always the need to choose how to utilize
> less than infinite resources (yes, even post-singularity) in a way that
> gains the most of what is valued.  There are always more possible uses for
> resources than resources.  These fundamentals will not go away
> post-singularity.   Money at its most fundamental is a fungible value token.
>   Hence it is rather crucial in any society complex enough to need more than
> direct barter and gift economy.

I agree that economics is economics.

Money is simply a measure of perceived value which is utilised to
simplify transactions.

Open source, Wikipedia or more traditional philanthropy or volunteer
work - or vacations in the Caribbeans or acquiring a trophy wife for
that matter - have a perceived value for those engaged in them even
though they do not directly translate directly in any additional
revenues.

Such value, by the way, can usually be waived exchanged against money
or other benefits.

-- 
Stefano Vaj




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