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Author Topic: Economic Devastation  (Read 503336 times)
Wekkel
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June 13, 2018, 04:34:57 PM
 #3021

The changes are going slow.... and suddenly fast  Roll Eyes

I think Bitcoin already is de facto World Currency. The rest is just the recognition and subsequent adaption phase.

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June 13, 2018, 04:40:43 PM
 #3022

It'll cost a lot more to build a robot to clean a hotel room than a human

Depends how you view that taking place, we already have automatic hovering bots right.   The cost of a human is the labour rate and other overheads, also a human is in some cases less able perhaps more noisy more bulky and not available 24/7

Its very possible for automation to challenge human labour in a few places I think.   Not every country has cheap labour, some have a labour shortage.  Naturally humans are better used then just for cleaning up dirt, a good market would make the most of the basic resource Cheesy

Economic devastation would result in a system off kilter, not self adjusting or realising positive conclusions like this.  Hence the break down brings a halt to a failing system, its some kind of positive in that the rebuilding from that devastation is a better more resilient economy I hope.

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June 13, 2018, 11:22:55 PM
 #3023

I dont agree that it would cost more.  If you factor in all costs - externalities - of low paying jobs for example, like cleaning a hotel, you find that we pay a high price for shit paid jobs.  Poverty.  Higher crime.  Higher health problems.  Social problems.  People stuck in poverty, etc.  There is no reason for people to do shit work for shit pay, when a robot can.  Instead society can pay a minimum income to all and so we will be free to pursue other things in life, like learning new things, etc.

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June 14, 2018, 02:14:53 AM
 #3024

What is the economic devastation you think? If we invest in property losses for corruption and other related problems, the economy will be exhausted and it will slowly deteriorate and slow the economy
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July 20, 2018, 12:34:36 PM
 #3025

The changes are going slow.... and suddenly fast  Roll Eyes

I think Bitcoin already is de facto World Currency. The rest is just the recognition and subsequent adaption phase.
Exactly. I think so. The economy is changing slowly and then the changes are unpredictable. Make sure bicoin is the currency of the whole world and I expect high on it. In the future people will gradually adapt to it, and it is possible that bitcoin is used universally for the whole community. I think so.
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July 20, 2018, 12:51:43 PM
 #3026

You will probably need a week or two of studying the thread slowly.



I will be the first to admit I needed a week or two to fully absorb the following works of AnonyMint.

The Rise of Knowledge
Understand Everything Fundamentally

Together these are quite simply the most insightful piece of economic theory I have ever read.

If the author is right and I think he is we are all in the midst of a tragedy of epic proportions.  It is sad unstoppable and will devastate the lives of much of humanity.


Actually the words devastation is to ruined or destroy  the the economic growth ,but in the place of digital currency investment,this is not devastating the progress of economy instead its help to promote the growth of economy,and social responsibility by means of capitalize country,therefore economic devastation is only for those bussiness that can destroy the economy and humanity just like those illegal activities.

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