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  • I mean that's the feeling.

  • I mean people get very sensitive about their information and privacy and facebook but that having your money, which is another form of free speech, right?

  • Is that the way you talk about is absolutely it is a form of speech.

  • Do you explain that to people?

  • Well, money is a language, you know if you if you look at it from a very raw perspective, uh money doesn't have value, right?

  • And this is an important thing that most people don't immediately understand is that money itself doesn't have value.

  • Money is a vector for transmitting value.

  • It's how you express value.

  • But the value isn't in the money, it's in the product or service you bought with it, and it's in the labour you gave in order to acquire it in the first place, that's where the value comes from.

  • There's nothing intrinsically valuable in the money.

  • Some forms of money in the past had intrinsic value with gold and things like that because that was the best way to establish it in the beginning, but money doesn't need to have value.

  • In fact, it gets a bit in the way what you want money to do is communicate value and it allows us as a society to coordinate markets and behaviors by saying this is important to me and I'm going to express that to you by giving you three tokens of appreciation that I had to work for.

  • And the time cost of money is one of the most important characteristics.

  • We value money.

  • Most people value money based on how many hours of personal labor and effort it takes to acquire it.

  • That's why at some point it becomes funny money when you gonna cry trivoli and you don't work anymore for it.

  • But other than that in most social environments, money is the way we express things.

  • So if you look at it, what is it?

  • It's an abstract symbol, symbolic right?

  • And that symbol is used to express something and to assign a measure of value to it.

  • So it has semantic value, has meaning.

  • Um so abstract symbols that have meaning that people exchange with each other.

  • We call language.

  • That's what it is.

  • It's a peculiar language.

  • It's not a general purpose language like english.

  • But then again, neither is C plus plus that we use in programming or PHP or html.

  • That doesn't make it any less of a language.

  • It just makes it a language of narrow scope and applicability.

  • Money is a language of extremely narrow scope and applicability but enormous power because what it expresses his value, especially the value of human time, which is extremely valued, valuable to people.

  • And therefore it allows societies to coordinate on what they community decide.

  • As valuable by aggregating the information of every individual decision you make as to Is this worth enough of the time value I've put into work today.

  • Do I want it enough?

  • Do I value it enough?

  • And if you do you send a signal that other people also coordinate with, that sets prices that allow us to say, okay, we need more of this good because that good is important because people are buying it.

  • So it's a coordination mechanism and once you realize that you realize that it has a few characteristics that are really important, first of all, because it's a language that helps society coordinate the allocation of resources.

  • Many of your freedoms depend directly on your ability to express that language.

  • Um, controlling that language is enormously powerful.

  • If you can control the flows of money, you can control a lot of social activities as well as expression of personal values, which is what the central bank, which is the censorship and surveillance capitalism, angle of this.

  • And also, if you free it completely, um, then it gives you a degree of personal liberty that is enormous.

  • Then you can look at it from a technical perspective and say, well, if it's just the language, oh, we can make it entirely digital, it doesn't need to have physical form.

  • We can communicate it instantaneously to any to any part of the planet.

  • Borders are meaningless.

  • Um, race, religion, nationality, gender.

  • You know, none of these other social constructs are meaningful in the context of that language.

  • So true neutrality means anyone or anything to anyone or anything.

  • You don't even need to be human to engage in the activities of money.

  • Software agents can do it, which is unique to Bitcoin and other open public block changes that until now only humans or associations of humans have allowed to have ownership of assets and the law and now in fact perhaps not involved, but in fact software agents can independently owned money without any human supervision.

  • Which is another mind blowing thing that we haven't considered the implications.

  • Does that mean a I could create companies in the future to satisfy human demand.

  • We can already create autonomous companies that operate without human supervision.

  • They're called decentralized autonomous organizations or DDoS.

  • And that's actually one of the really interesting applications that comes out of ethereum, which is another open public Blockchain.

  • Ethereum is not about payments, it's about governance and running software that acts autonomously.

  • So you could have a corporation that has plenty of shareholders but no bosses or plenty of employees but no bosses or no employees, no shareholders and no bosses and operates on itself.

  • One of the little mental things I like to throw out like a thematic idea is what happens when you combine um, right hailing services with autonomous vehicles with decentralized autonomous organizations and cryptocurrencies.

  • You could have a cell phoning self driving taxi, which is a taxi that by coincidence by accident or deliberately became emancipated as a taxi that owns itself that drives itself that owns and charges money from its customers and pays for its own electricity, maintenance, gas or whatever that doesn't have a human owner at all.

  • It might even have shareholders or not um, and be out there existing as this entity that Taxus World and makes a net profit obviously belongs that doesn't belong to anyone.

  • Yeah.

  • And which is the most efficient.

  • How could that possibly happen?

  • And the best kind of idea of that, which is almost like a little sci fi story is, well it was owned by a person and that person died without a will or any errors and no one noticed because the taxi continued to work and so it became emancipated because it became an asset that's intestate is not being inherited by anyone and no one sees it or stopped it for operating.

  • So the morning after its owner died, the garage door opens and it went out on its taxi rounds autonomously without noticing that anything changed because of that.

  • So you can actually see scenarios where this happened this space.

  • I read this article about they have this phenomenon in Japan world.

  • People die in their apartments and they're not discovered for two or three years because all of their banking is automated.

  • The the air conditioning is on their, their pension check keeps arriving in their bank, it pays the rent, it pays the electricity and nobody notices are dead because there's no one around to notice.

  • They don't have any errors or relatives.

  • And now imagine if that person owns an autonomous taxi business and died, it can happen, just keep going almost like the emancipation of slavery, right?

  • Like, you know?

  • Well, no, but there's no agency here, right?

  • There's no agency.

  • Um, and to some people, this is a scary future.

  • And of course, you know, whenever you, you come up with these crazy sci fi ideas, you can make a black mirror episode out of it and you can look at all the dark sides of this.

  • You know, a lot of people would think about autonomous organizations that do malice, but I like to think of it in terms of what about building a decentralized altruistic organization, like a decentralized charity, a charity that collects charitable giving donations in Cryptocurrency and then in response to activities that happen in the world, for example, noticing keywords about earthquakes or tsunamis in particular regions.

  • Right then distributes these charitable donations directly to people who are in that country, perhaps by saying, show me a geo location on your phone that proves you are currently in the disaster zone.

  • And I will send you a small amount to help you out.

  • And then you'd have 100% of all donations go directly to charitable uses.

  • Zero operating costs, zero people in the middle to take advantage.

  • Complete transparency, open books and you could have an autonomous charity with no humans involved.

  • Bizarre.

  • I know, but this is within our future.

  • What what, what?

  • One more word?

  • Yeah, wow.

  • For more, More house.

  • Mhm.

  • Mhm.

I mean that's the feeling.

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B1 language autonomous taxi coordinate express people

Money Does Not Have Value ? - Andreas Antonopoulos I London Real With Brian Rose

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    林宜悉 posted on 2021/05/29
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