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Comment by cheesecompiler

21 days ago

Why does "filling a need" or "building a tool" have to turn into an "economy"? Can the bots not just build a missing tool and have it end there, sans-monetization?

"Economy" doesn't necessarily mean "monetization" -- there are lots of parallel and competing economies that exist, and that we actively engage in (reputation, energy, time, goodwill, etc.)

Money turns out to be the most fungible of these, since it can be (more or less) traded for the others.

Right now, there are a bunch of economies being bootstrapped, and the bots will eventually figure out that they need some kind of fungibility. And it's quite possible that they'll find cryptocurrencies as the path of least resistance.

  • I’m not sure you’re disproving my point. Why is a currency needed at all? Why is fungibility necessary

    • I wasn't trying to disprove your point -- just calling out that the scope of "economy" is broader than "monetization".

      > Why is fungibility necessary

      Probably not necessary right now, but IMO it is an emergent need, which will probably arise after the base economies have developed.

      2 replies →

Economy doesn't imply monetization. Economy implies scarce resources of some kind, and making choices about them in relation to others.

  • I understand that. What I don’t understand is why that’s relevant here. AI can build whatever tooling it sees fit without needing to care about resources necessarily no? Ofc they’re necessary to run it but I don’t understand the inevitability of a currency