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69 sats \ 5 replies \ @SimpleStacker 11 Dec \ on: Elon Musk Claims Money Will Become Irrelevant. Is He Right? econ
I'm assuming that what they have in mind is a post-scarcity world?
That this isn't some deeper reflection on the role of money as a unit of account, medium of exchange, and store of value?
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150 sats \ 4 replies \ @Undisciplined OP 11 Dec
You're right, but that's such a preposterous utopian fantasy.
Scarcity is a fundamental of reality because human wants are unbounded.
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69 sats \ 1 reply \ @Aeneas 11 Dec
Yes, they forget that time itself is absolutely scarce. The fact that we're all dying guarantees constant scarcity.
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0 sats \ 0 replies \ @Undisciplined OP 11 Dec
Even if we weren't, see #1328328
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69 sats \ 1 reply \ @BlokchainB 11 Dec
And our time is limited
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98 sats \ 0 replies \ @Undisciplined OP 11 Dec
Even if we lived forever, there would still be scarcity in what we can do with each moment
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