IM_INSIDE_YOUR_HOUSE

IM_INSIDE_YOUR_HOUSE t1_j1v1ae1 wrote

Reply to art future by nickmakr

NFTs, in their current iteration, are just a digital pyramid scheme that relies on someone always being dumber than you to make money. The dumbest ones involved will be left holding the bag of a completely worthless asset.

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IM_INSIDE_YOUR_HOUSE t1_isyqi5f wrote

There’s a critical threshold though, still distantly away, where enough jobs are fully automated that labor itself loses almost all of its value. If an entire supply chain and manufacturing process is fully automated from start to finished product, and those automated systems are maintained/upkept by other fully autonomous systems, then their operation costs become a non-issue. The economy only exists as a function of human trade. Autonomous systems do not trade nor do they require it. They will not have an economy to worry about.

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