I remember back in 2021 and 2022 (if I recall correctly) when @taskmaster4450
was blogging extensively about the age of abundance, and here we are... We haven’t become insanely wealthy since then, as a species...
But...There’s also a but, or a butt involved, and the butt in this room is technology transforming tons of aspects of our lives in so many ways. I recently read that a Chinese company has developed a robot capable of giving birth to human babies.
That’s massive... I haven’t fully read the article on this topic because I was just scrolling through my Twitter feed briefly at the time and didn’t have the time or attention span needed where I was, but man, for $14,000, such a machine can carry and deliver a baby.
That’s something. It’s not something I’m particularly thrilled about, but it makes you think about the pace at which technology has evolved. And it keeps on evolving...Productivity has improved a ton in many industries and even office-type jobs, thanks to tech and AI.
Much of what we call AI these days is generative AI, ‘cause most people using it are messing with ChatGPT or some smartphone camera feature powered by AI.The exponential age of abundance, as I see it, will mostly enrich the rich, but along the way, it’ll also help the clever individual who has the means and will to leverage it to better their life and grow their personal wealth.
No doubt about that...Many will be overwhelmed by the capabilities tech will reach in the next decade, and indeed, some jobs will be taken by AI sooner rather than later. Universal Basic Income is a concept I’ve tackled on my blog quite a few times, and my take is that sooner rather than later, it’ll become reality. My gut tells me the EU will be one of the first centralized entities to implement it.
Money as we know it has been reshaped since blockchain technology was released to the public, but that hasn’t helped in stopping the wrecking train of the current financial system. Ultimately, in the coming years, we’ll see blockchain technology and cryptocurrencies adopted worldwide as old money fails.
It was designed to fail since 1913 when the FED was born. Larry Fink is the new WEF boss, and he’s been pretty vocal about Bitcoin and blockchain over the past couple of years or so. Blockchains can be decentralized or centralized, and while BlackRock, the company he’s CEO of, has managed to amass close to 800,000 BTC under management, the WEF isn’t about decentralization.
It’s about excessive centralization and mass control, and that’s where stablecoins will play a big role. We’re not yet at the point where programmable money is the only kind of money, but when the likes of USDT or USDC gain more traction among retail and institutions, insanely fast and cheap transfers, along with tracking and freezing of such assets, will become the new standard of money.
Technology has evolved immensely over the past decade or so, but that doesn’t mean all progress is in our best interests... That doesn’t mean we should reject it. Life’s a jungle, and every individual needs to take well-thought-out and calculated steps for their own good.
Nothing’s for sure on this planet... I guess... Have a great day and catch up with you all next time.
Thanks for your attention,
Adrian
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