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originally posted by: projectvxn
Andrew Yang's answer to automation is the effective obliteration of governing by consent. The UBI, which is what he's after, will ensure that people remain a ward of the state for eternity. It will be done at the expense of industries that it will be designed to destroy, it will be devastatingly inflationary, and in very short order, controlled by a central global government structure.
Anyone can make free money from the government sound good. But Mr. "I do math so I'm smarter than everyone else" isn't nearly as smart as he thinks he is.
Here it is:
The Machine Economy: An Essay on The Communication of Value in an Automated Economy
This should also let you know that there is an alternative to automation induced communism.
I, for one, don't feel like dragging a century-old class warfare doctrine with us another century.
Decentralizing and automating digital processing, fabrication, assembly, and service transactions linked to a single ownership account on a blockchain, would ensure that the owner gets paid and continues to participate in the economy. Decentralized economic networks and automation in a machine economy would make a cellphone, an electric car, or an idle computer a contributor to the economy, while the person reaps the benefits. With blockchain technology turning digital information into digital property, virtual environment simulations would be able to sell virtual property, create and sell virtual consumer goods and services, and even help create virtual societies in which people may live and work (Ordano, E., Meilich, A. Jardi, Y., Araoz, M. 2013).
We see a world where people own their own identities and data, where everyone understand the concept and economic of digital property. - Phil Chen, HTC
“The dominant companies in our world today are Google and Facebook, and in China, Baidu, Alibaba and Tencent, because they basically own all our data, ” Chen said.
Agriculture: VeChain provides the solution of blockchain-enabled cloud services for the certification of environmentally friendly and organic agriculture products. Throughout the production process, IoT sensors and mobile devices feedback climate and soil conditions which are then updated into the cloud for real-time monitoring, this data is encrypted and immutable and at the same time, can be easily accessed by relevant parties with proper authorization and private keys.
I still think the machine economy will suffer from the economy of sameness. Sure, goods can be produced cheaply, easily and in bulk quantity to satisfy the base needs of all, but they will be cheap, easy, and the same. There will be little variety in anything.
Think about your personal possessions. Which ones tend to be valued the most? What ones do you want to save if you have to evacuate? Generally, most people save things with sentimental value or with a rarity that makes them unique and irreplaceable. The machine goods won't be that way.
People who can and continue to make hand-crafted goods of any sort with any quality will be the producers of real value in the machine economy.
When it comes to policing and fire fighting will robots take over those jobs or will humans still be in the mix?
Would you want your doctor to be completely automated, for example? There is a certain amount of intuition involved there.
Labour no longer appears so much to be included within the production process; rather, the human being comes to relate more as watchman and regulator to the production process itself… As soon as labour in the direct form has ceased to be the great well-spring of wealth, labour time ceases and must cease to be its measure
And I get that you're communicating that our value lies in our ad potential ...
basically, we market our needs and wants to tell the machines what to make, but it's still a sameness.
I don't wanna be 'that guy' but someone did predict what OP is proposing.
But when automation becomes the clear dominant theory in your proposal. I do question, what will housing look like in your future? Heating, cooling, etc...
By contrast, ethereum replaces bitcoin’s more restrictive language (a scripting language of a hundred or so scripts) and replaces it with a language that allows developers to write their own programs.
Ethereum allows developers to program their own smart contracts, or ‘autonomous agents’, as the ethereum white paper calls them. The language is ‘Turing-complete’, meaning it supports a broader set of computational instructions.
Smart contracts can:
Function as ‘multi-signature’ accounts, so that funds are spent only when a required percentage of people agree
Manage agreements between users, say, if one buys insurance from the other
Provide utility to other contracts (similar to how a software library works)
Store information about an application, such as domain registration information or membership records.