What are the underserved and undervalued markets that fiat is suppressing?
Creativity at large I think, but I'll specifically say artistic creativity is the first one that comes to mind for me. Sure, there's plenty of great artists out there today, but today's bias towards human labor (and a currency working against us) suppresses the value of art in people's lives, generally speaking.
Along with Bitcoin, I'm betting on a huge artistic and cultural renaissance as nations recoup more wealth to afford it.
Happy friday everyone.
This is a great prompt. We spend so much time talking about what's being propped up by fiat money and state subsidies, that we sometimes lose sight of what's being crowded out. Also, the element of what will be more valued in a wealthier society is quite interesting.
Let's start with what's being undermined in the current system: family, civil societies, charities, health, free inquiry, peace
What gets increasingly valued by wealthier societies: leisure, travel, art, environment, health, safety
I think you're right to highlight art. Other undervalued things that jump out at me are preventative health and family vacations. Also, genuine private charity is heavily suppressed currently.
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oh man the family vacation market will be insane lol
"weekend trip around the moon everyone!"
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1169 sats \ 0 replies \ @k00b 1 Sep 2023
"lets ride surplus robot war dogs up aztec pyramids with grandma this weekend!"
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I'm curious about "genuine private charity is heavily suppressed". This doesn't jump out at me. From what I've seen, a large percentage of charity (large and small) seems like a scam or near-scam.
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That's why I said "genuine". My thinking is that people are less inclined to give to charity because they expect the state to fund every cause. This is along the lines of what is being crowded out by deficit spending.
Before the welfare state, people gave much larger shares of their income to charities, through their churches and fraternal societies, and more services for the poor were provided through charity (or just pro bono).
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Deep expertise and artisans Examples: Houses that last more than 100 years (have a friend in Switzerland who lives in a house older than the USA) Tutors (learn at your pace with a human expert, who can help you fall in love with the subject because they understand you well) People who can create family heirlooms (Clocks, Sculptures, Orchards, Oil paintings of the family)
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hard agree on houses and people but not convinced that tutor role wont be dominated by AI
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1260 sats \ 1 reply \ @k00b 1 Sep 2023
Focus.
People spend a lot of time trend/fad/scam/clout chasing.
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We will move away from mass production and towards bespoke products and services.
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Focus and mastery
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craftsmanship. everything is transactional nowdays. a proof of work system will draw out the most talented creators to do the work. people who tile showers and build overpasses will be the best and will be held in the highest regard. with proof of stake (aka fiat), every job is set up in a way to monetize and maximize profit for someone other than those who are actually doing the work.
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Consumer items that are high quality and last long will be much more valued when money has a long term value.
I mean this both "culturally" and literally people will buy less and higher quality because they aren't incentivized to get rid of their depreciating money asap.
I could give many examples but just a few things to give you an idea what I have in mind: buying a cast iron pan for 80 years instead of teflon every 5 years. Buying 100% linen or 100% cotton shirts instead of throwing away the polyester fashion every 2 years. Getting the floor out of wood/tiles instead of laminate floating tiles. Stuff like this in all corners of life
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I look forward to a day where we have more time to create. One of my dreams is to create music without any influence of "will people like this?". Maybe its an ego thing, or still some fiat mindedness lingering around.
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People's energy and time.
The amount you earn directly represents your value for that time and thus the value of the energy cost to you.
Note: you should probably value your own time higher than they do and stand your ground. Make them pay you what you're worth. And if they won't, find someone who will.
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From my understanding money never has value until the community of a particular money type assigns the value. It depends on the community what is the possible value. People in the community assign the value of money for each product and service in the community but each product and service has its own cost of production. Finally, money is the same whether you use fiat which is paper-based or digital. The community has the final power to implement money in the community
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If we are talking literally about art market, I think it will be the first to collapse as soon Bitcoin becomes the norm...
Mostly because artwork is widely used to moneywashing and to make it hard to define value from the government perspective.
If Bitcoin becomes the norm, this scheme will collapse since the will be no need for that...
Just a personal opinion...
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Maybe removing that dynamic clears the runway for real art with real PoW to prosper
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I agree. We will know for sure what most people agrees and truly value as art.
I thin a very similar phenomenon might happen with jewelry.
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Better architecture comes to mind. If we want clues we can look back to fairly recent history before the world went off the gold standard and look at the longer term thinking. Buildings weren't so thrown together.
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We'll have more time to devote to new architecture design rather than being so focused on efficiency. And paradoxically at the same time, they'll be created 10x more efficiently anyway
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We all know short-term thinking is usually inferior to long-term thinking. We know we live under the influence of a money that discourages long-term thinking. A deflating currency encourages spending over saving. Short-term thinking. If this influence is removed. If this overarching force is eliminated I believe we will see many changes in our everyday lives. I believe they will be good on the whole.
Even though we know fiat is a melting ice cube we still use it as a ruler to gauge value (unit of account). Even a shift away from this would be revolutionary. This change will remove a major tool that rulers have over their subjects(citizens).
I can attest to the affect bitcoin has had on my thinking about money, spending, saving, and short-term vs long-term planning. The society wide impact will be massive.
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Siestas. Working a rigid schedule is taxing on the soul and stressful for families. With a money that allows you to save excess earnings individuals and companies alike will begin having more free time as they're not as anxious about earning their next day's paycheck.
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The ability to live and do trade as a free sovereign man without having to fall under any non wanted jurisdiction because of using fiat or the copyrighted timeline we call calendar
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.