Bakoro t1_iszogjh wrote on October 19, 2022 at 9:34 PM

Reply to comment by Sashinii in Since Humans Need Not Apply video there has not much been videos which supports CGP Grey's claim by RavenWolf1

Economics will exist as long as there are people. Scarcity will always be a thing, it's essentially a law of the universe.

There is only so much beachfront property, only so many houses with an ocean view, only so many people who can live on the top of a hill.
One way or another there will have to be a way to decide who gets what limited resources, and who gets the new things first.

Even if you just make everything timeshare, so everyone takes turns with exclusivity of a thing, some people won't care about one thing but will want more of their favorite thing. Some things will be more popular.
"I'll trade you my week in Maui for a day in the glorgotron" you'll say, and I'd be like dang, that's a good deal, the glorgotron gives me a headache anyway...

It's just a matter of what people value, what people want exclusive access to, and what is limited. If nothing else, people's time will always be somewhat valuable into the distant future.

RavenWolf1 OP t1_it01dni wrote on October 19, 2022 at 11:05 PM

>Economics will exist as long as there are people. Scarcity will always be a thing, it's essentially a law of the universe.

Economy sure but not money necessary. Economy does not mean money. But I agree. As long as humans values something then we create value for it. In human society something is always valuable, like beauty or friends etc. Value is which causes us to have standing in society. We always have something which differentiates us from others. We give value for things which others don't have.

Sure we can have infinite energy and resources but there will always be something which creates hierarchy in our world. We live in society after all.

Bakoro t1_it1bxzb wrote on October 20, 2022 at 5:37 AM

>Economy sure but not money necessary. Economy does not mean money.

Money is a useful abstraction for value. How many chickens to a television, and televisions to the beach house is a hard problem.

If you have resource tokens, its basically the same thing. The right to requisition x food resources and y labor resources, and z land resources. Anything fungible which replaces direct barter ends up being similar.

If humans are to still exist, they'll have to be part of the equation in terms of directing the AI. Like, who decides what the AI spends its discretionary time on? If the AI doesn't have its own motivation and interests, or otherwise just allocates resources to human requests, that can be a kind of money in and of itself. Start off giving everyone an equal share of AI requests, and the requests which generate the most positive feedback from the community yields more time to the person or group who made the request, and people can trade AI time share just like money.

I personally like the resource allocation model. It's basically money, only it ties value to quantifiable things. That's only viable when you have highly mechanized everything where the energy and time costs are highly predictable, like a society mostly by AI.