[ExI] Sell your Bitcoins!

[John Clark]

On Tue, Jun 9, 2026 at 2:19 AM Kelly Anderson via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

* >> Where does the money come from?*
>
> * > This is actually a great question*


*No Kelly, it isn't.  *

*> money inflates away to nothing when everyone has the same amount*


*Inflation will not be a problem as long as the speed of the money printing
press is not greater than the rate of productivity increase, and even
without nanotechnology the rate of productivity increase caused by AI will
be ENORMOUS , certainly enough to keep tens of millions of Americans from
starving to death in less than a decade, probably much less. *

*And those who should be most concerned about this are the billionaire
class because those tens of millions of young educated but unemployable
Americans are NOT going to "go gentle into that good night" instead they
will "Rage, rage against the dying of the light". The billionaires are not
going to like that army of unemployed Americans when they get angry.*


  > *money inflates away to nothing when everyone has the same amount*


*Even if you and I have exactly the same amount of wealth, money could
still be valuable because you could have things that I want, and I could
have things that you want. And barter is cumbersome.  *



> * >The problem with giving money to the poor is that they often choose
> to spend it on drugs and booze.*


*Maybe that will be the ultimate fate of the entire human race because like
it or not, unless there are some radical changes to society, everybody is
going to be poor, and the poorest of all will be the billionaires, they
will be so poor that they don't even have heads. *

* John K Clark*


>
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