Bravo... finally getting to the endgame. Bitcoin is accelerating these trends, every industry on the planet can be automated and this is what Bitcoin is showing us.
Totally agree. It's not fantasy but perfectly realisable. Ironically, money has brought us to this point, yet money is also holding us back and preventing full exploitation of existing technologies and more rapid development of new technologies.
The way we have been thinking about things may be all wrong; We have been deluding ourselves by simply imitating the generations that came before without thinking clearly about our situation.
In terms of theory, economists still quote Adam Smith and we still talk about economic 'rules' and 'laws' as if they are fixed and unchangeable when they are not. If the creation of money can be decentralised at the level of the individual and made available to all (not just those who can afford to invest in mining rigs) then everything changes. If the foundation of monetary systems and economic theory is the belief that money is 'scarce', must be issued as 'debt', and must be 'earned' by human labour then true decentralisation will undermine this foundation and bring the whole edifice crashing down. It represents a paradigm shift no less significant than the shift from Newton to Einstein and the rise of quantum physics.
Here's the thing though: "God does not play dice" --Albert Einstein
Einstein allowed beliefs based on an obsolete paradigm to cloud his perception of the new paradigm. A new paradigm requires a fresh set of eyes and a new way of thinking. I think there are many people on this board who are making Einstein's mistake. They want to sift through the detritus of the old system and retain concepts such as 'inflation' and 'scarcity', not realising that these concepts are no longer relevant. There is nothing 'scarce' about a 'digital coin' and it is pointless to pretend otherwise. We really do need to think outside the box and acknowledge that a new paradigm challenges us to adopt new ways of thinking.
HS