Comment by sokoloff
10 days ago
I don't. If you do, maybe you could hypothesize a practically possible path from now to then and enlighten us Luddites?
The overwhelmingly most likely "end of money for humans" comes from the extinction of humans.
10 days ago
I don't. If you do, maybe you could hypothesize a practically possible path from now to then and enlighten us Luddites?
The overwhelmingly most likely "end of money for humans" comes from the extinction of humans.
Believe me, ruling them out is the last thing I'd do. I fully expect them in the next decade or two.
A practically possible path to both: Starship is perfected and mining companies begin operations in space. Vast data centers training spatial ai using virtual simulations perfect it well enough for general robotics to become practicable. Automation is then as follows: robotics manufacturing and maintenance is handled by robots. Mining is performed by robots. General manufacturing performed by robots. Potential manufacturing scales increase by orders of magnitudes. Where are the costs in this scenario that would prevent prices falling to zero? And if prices for all goods and virtually all services* fall to zero, what possible role can money have at that point, other than sitting on a shelf as a memento of a vanished system?
*excluding sex workers.
The cost is in transportation (aside from the cost of developing and producing all those automated systems). Where do you expect extra-terrestrial mining to occur and why do you think what's mined there would be used on Earth? The nearest place to mine would be the moon, and it's on the order of 1 million dollars per kg to bring things back. We could potentially drop that, but that's a hell of a base cost just for material transport. What makes you think that's going to be happening soon?
In the next couple of decades? Starship is real, space mining companies are real, NVIDIA Cosmos is real, robotics development is nascent, but real and thrilling. Ordinary market forces will ensure the uptake of robotics.
You're calculating the expense of returning mined resources using past metrics that are superseded altogether in this scenario. For instance miniaturization suddenly won't be necessary for mining companies wishing to send gear to asteroids.
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