[ExI] Post-AGI Economics

[Keith Henson]

On Thu, Oct 26, 2023 at 2:54 PM Gadersd via extropy-chat
<extropy-chat at lists.extropy.org> wrote:
>
> > So... if you want humans to maintain ANY relevance, you'll have to let
> > AGIs own, spend and earn money. Otherwise, good money chases out bad
> > money, and dollars will be a memory, much like atlatls are now.
>
> That was the main idea I had in mind: get the AIs invested in a particular decentralized system of money and hopefully the benefits of continuing to use and respect that system will keep the humans who have a stake in that system relevant at least long enough for uploading et al. to be viable. As long as humans and AIs respect and use a common decentralized system of currency that should keep us aligned to some extent.

I am uncertain about this.  Humans work as hard or harder for status
as they do for money.  The AI in the clinic seed was aligned to seek
the good opinions of humans and others of its kind.  I don't know that
an AI with the ability to make tons of diamonds has a need for money,
but as I mentioned, I am uncertain about this.

Keith

> > If you want to have a deeper understanding about the history and
> > possible futures of money, I'm definitely your guy. I am the guy who
> > wanted the equivalent of crypto currency for a company I was
> > developing in 1997... but didn't quite have the time to chase it to
> > ground. Another missed opportunity... you can't chase them all.
>
> I welcome any insights you have. I started an AI company and am currently developing AGI-capable algorithms. A smooth shift of power from humans to machines is one of my goals. Do you think shifting to an economy held together via decentralized technology such as cryptocurrency is the way to go, or are there other viable paths?
>
> > On Oct 26, 2023, at 4:26 PM, Kelly Anderson via extropy-chat <extropy-chat at lists.extropy.org> wrote:
> >
> > Your thought that humans would control the money and the AGIs would
> > just sit still for that is humorous to someone like me who has studied
> > the history of money. For example, siege money has evolved in the past
> > and has included such things as denominated playing cards. So if the
> > AGIs can't own dollars, they will simply create a crypto currency type
> > situation that doesn't violate the rules of ownership, and trade
> > amongst themselves. In a very small amount of time, dollars will be
> > less meaningful than their "money", whatever form that takes, and
> > humans will be out of the loop.
> >
> > So... if you want humans to maintain ANY relevance, you'll have to let
> > AGIs own, spend and earn money. Otherwise, good money chases out bad
> > money, and dollars will be a memory, much like atlatls are now.
> >
> > If you want to have a deeper understanding about the history and
> > possible futures of money, I'm definitely your guy. I am the guy who
> > wanted the equivalent of crypto currency for a company I was
> > developing in 1997... but didn't quite have the time to chase it to
> > ground. Another missed opportunity... you can't chase them all.
> >
> > -Kelly
> >
> > On Mon, Oct 23, 2023 at 7:17 AM Gadersd via extropy-chat
> > <extropy-chat at lists.extropy.org> wrote:
> >>
> >> As most of your are aware, our economic systems will likely soon find themselves a bit stressed and strained due to the impact of AGI. I have heard a few suggestions as to what will follow.
> >>
> >> One idea is that most of the world’s equity will be distributed to verified humans and with sound long term investment humanity may maintain capitalistic hegemony over the machines who will start at the bottom of the socioeconomic hierarchy. As long as the cost of revolution outweighs the benefits of working for the rich, humans may retain control, similar to today’s capitalistic system. One aspect of this system that I like is that it is decentralized and self-stabilizing as long as balance can be maintained.
> >>
> >> Another idea is that a powerful AGI will be the centralized governing body for humanity and distribute resources to those who need them. I am not fond of centralized systems as they are prone to corruption. What if the AGI is not as benevolent as we thought and now it’s too late for it to give up control?
> >>
> >> Any ideas?
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