Connor McCormick ☀️
@nor
brief post on what the future economic system is going to look like. I have 20 minutes to write this for you I tihnk I get it done in time Long story short the first question for us to answer is "why do we use money to coordinate? like, why does this coffee shop accept my USD?" And you might have many answers for that but I'll give you the True Correct answer from On High and in order to illustrate it probably it's best to think about your friend group or your family. When you gather with your family for a dinner, do you charge people for each plate? Do you offer the head of the table to the person who paid for the premium plus price? Do you pay the person who does the dishes? no, of course not. social dynamics have a different physics than economic dynamics. So, why don't we use them everywhere? Why can't you just show up at the coffee shop and help yourself to the coffee machine like you would at your friend's home?
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Connor McCormick ☀️
@nor
What's different between your community and strangers is exactly what defines the two: you don't know each other. And of course you can't know each other, there are too many people in the world for you to give them your limited attention. It's said that Dunbar's number is that limit: at about 150 people you can't attend to all the members of a community anymore. And with that word you can hopefully see how the economic system of the future will look. Something has fundamentally changed: we're no longer bounded by attention. We can spin it up for pennies. What this means is that the bounds of our communities can now grow, and that means that we'll go back to the more information rich ways of tracking contributions: stories not monies. It means of course that the crypto people were totally right, in the future we'll use tokens to totally transform our economic system. Just not the tokens they expected.
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Connor McCormick ☀️
@nor
I think understanding this is easier with a really concrete story so here we go: In 20 years, you will walk into a store and you will walk out with the good you want (strawberries, etc). You won't pay for it, at least not in the way we deduct payment from an account today. Instead, the event will be remembered in much the same way your grandmother remembers the last time you ate. You will pay for much much less, in fact most things will be free! What's happening in the background is that your personal agent is speaking with the agent that manages the store, and is telling them the story about you, and in exchange the store's agent is approving you to take the goods. The agent does this because it knows it can then use your story as part of its own story to stock more items (in much the same way you might get a special deal by being a celebrity, but we will ALL be celebrities to the AIs because they have infinite attention)
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