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In reply to @cassie
Cassie Heart@cassie
3/22/2023

But the consolidation of banks will lead to consolidation across industry, with the power of the compute resources which serve as the substrate for these AI functions similarly consolidated. And over time, as more and more is automated away and the economic utility of people becomes a net negative...

In reply to @cassie
Cassie Heart@cassie
3/22/2023

Of course, people won't go away. And people have to eat. Those that made their great escape into Bitcoin and other assets mostly won't survive forever off the imbalance between hyperinflation and stores of value. Like people have gig-economied their way into new income streams, they will put their computers to work.