Quote from: traderCJ on December 04, 2013, 08:58:21 AM

Quote from: AnonyMint on December 03, 2013, 09:17:44 AM

So we will see money moving more towards its primary function as a medium-of-exchange with short-term store-of-value and less of as a long-term, hard-on store-of-value. Why? Because knowledge workers crave knowledge more than money, because they can't buy the NEW knowledge they want with money, even if they tried. I explained why new knowledge can't be created out-of-thin air at ANY PRICE in the following linked section.

You're making a lot of assumptions here. First you seem to be saying that "we will see X", meaning (I assume since your prose is not precise) that generally we will see X, where X is investors seeking anything but long term investments. Your justification for this statement is related to "knowledge workers". Thus, you seem to assume that generally, knowledge workers determine what is generally sought after. I'd like to see supporting evidence for this.

I documented in the thread from which those quotes originate. You can click the link on a quote to go to thread (and post) where it comes from.

Specifically a recent Oxford study predicts 45% of all existing jobs will be lost to automation by 2033. This confirms we are in a period of radical technological unemployment. This appears to happen every 78 years. The difference is this time we are all tied together in socialism by central banks. You can re-read my quotes from the prior post to weigh the gravity of this thud of a realization.

Quote from: traderCJ on December 04, 2013, 08:58:21 AM

It assumes that knowledge workers dominate the economic spectrum

Agreed. And they already do. Look what Satoshi did. Watch what I do to Bitcoin as one man.

Quote from: traderCJ on December 04, 2013, 08:58:21 AM

and that those workers prefer knowledge gains rather than long-term economic gains.

You seem to miss the point that they have no choice. Do you not realize why?

Let me give you an example. Right now I challenge any one to go buy a CPU-only coin design before I release mine.

You can't. Only I know how to make one.

Knowledge that we need doesn't generate from capital. It generates from serendipity and fitness of diverse humans matched up to diverse needs.

We only needed capital when our needs were primarily fixed investment, e.g. factory buildings, factory machines, etc.

The 3D printer and the computer ends that.

The next 20 years will be so radical of change, you will think you live in Jetson's world by 2033. Flying cars, etc.. all manufactured by a guy on a computer.

Quote from: traderCJ on December 04, 2013, 08:58:21 AM

This is pure speculation. I don't relate to this sentiment.

It will be a difficult adjustment for most people. They will futilely resist. As was the case for the Luddites in the Industrial Revolution. We are in the First Computer Revolution. Second will be quantum computing.