Reading this has destroyed my faith in technology and hope for the future as well. How can we, as sane and rational beings, try to stop this sort of dystopia from devouring the human race?
playing it forward, what are the unintended consequences this incentivizes? Assuming a bad actor can get their hands on an orb, then they just need a supply of human eyeballs?
Privacy issues are paramount. The other being you can't create value out of thin air by issuing people magic numbers and expecting that to be useful in any way to people.
Assuming all money were uniformly distributed, do you think it would tay that way for long? Fixing systemic inequality requires more than initial conditions. The “dynamics matrix” governing money flow also needs to change, otherwise we’ll just find the same local minimum we’re currently at.
"Giving a free share to every person is exactly how a new global currency should be launched, no?"
No, that's not how currency works at all.
A currency is just a means of exchange, it itself is not wealth.
A 'global currency' for example, might be something backed by assets. So anyone with assets can trade those in for some currency. (Which would be hard because it's hard to value those assets, but you see the point.) You'd need a regulator to try to control how much currency exists at any given time, if you're trying to keep it stable with respect to other currencies. (Or not if you don't want to that.)
In order for the Orb scheme to have any use use, you'd have to start everyone off with quite a bit of 'new currency', but because it's issued arbitrarily, it's unlikely that anyone would value it. For example, why would the surgeon accept a currency at face value when the same amount of currency was given to his 17 year old kid who played video games all year?
Imagine if we did this with regular, paper bills.
Imagine if you printed high quality physical currency, called 'World Bucks' and gave everyone on planet earth 100 000 each of 'World Bucks'. Would that catch on as a currency? It might in some niches for some things, but pragmatically no, it would not. It would be treated about as valuable as Monopoly money.
You can't print value out of thin air.
Crypto has a way of distracting people from the reality of what's going on, especially those without any financial background might tend to believe that if you just printed a piece of paper and called it money, that you could finance an economy that way.
If SV want to help poor people, then they can probably help the most by helping to root out corruption, by investing, setting up real industry etc..
Show me the coin used for paying the tax.” They brought him a denarius, 20 and he asked them, “Whose image is this? And whose inscription?”
21 “Caesar’s,” they replied.
Then he said to them, “So give back to Caesar what is Caesar’s,(A) and to God what is God’s.”
Matthew 22:19-21
It also forced all people, great and small,(A) rich and poor, free and slave, to receive a mark on their right hands or on their foreheads,(B) 17 so that they could not buy or sell unless they had the mark,(C) which is the name of the beast or the number of its name
Under 'Christian Democratic' / Communitarian principles, I think that 'money' probably just be a responsibly managed currency, just a tool, like any other thing. So - above board, transparent, regulated, and where central bank policy would not be oriented just to capital holders but rather everyone in the community. Like everything else in life we want to work well - a bit boring, mundane, consistent, dependable.
Comments
I hate absolutely everything about this. At every angle and level of resolution I can think about it, I hate it. It's a fractal of things I hate.
Reading this has destroyed my faith in technology and hope for the future as well. How can we, as sane and rational beings, try to stop this sort of dystopia from devouring the human race?
playing it forward, what are the unintended consequences this incentivizes? Assuming a bad actor can get their hands on an orb, then they just need a supply of human eyeballs?
Privacy issues are paramount. The other being you can't create value out of thin air by issuing people magic numbers and expecting that to be useful in any way to people.
Assuming all money were uniformly distributed, do you think it would tay that way for long? Fixing systemic inequality requires more than initial conditions. The “dynamics matrix” governing money flow also needs to change, otherwise we’ll just find the same local minimum we’re currently at.
"Launching a new global currency by giving a free share of it to every person on Earth is an enormous challenge." - https://worldcoin.org/
This strikes me as a good problem to solve. Giving a free share to every person is exactly how a new global currency should be launched, no?
How would you solve it differently?
https://www.givedirectly.org/
"Giving a free share to every person is exactly how a new global currency should be launched, no?"
No, that's not how currency works at all.
A currency is just a means of exchange, it itself is not wealth.
A 'global currency' for example, might be something backed by assets. So anyone with assets can trade those in for some currency. (Which would be hard because it's hard to value those assets, but you see the point.) You'd need a regulator to try to control how much currency exists at any given time, if you're trying to keep it stable with respect to other currencies. (Or not if you don't want to that.)
In order for the Orb scheme to have any use use, you'd have to start everyone off with quite a bit of 'new currency', but because it's issued arbitrarily, it's unlikely that anyone would value it. For example, why would the surgeon accept a currency at face value when the same amount of currency was given to his 17 year old kid who played video games all year?
Imagine if we did this with regular, paper bills.
Imagine if you printed high quality physical currency, called 'World Bucks' and gave everyone on planet earth 100 000 each of 'World Bucks'. Would that catch on as a currency? It might in some niches for some things, but pragmatically no, it would not. It would be treated about as valuable as Monopoly money.
You can't print value out of thin air.
Crypto has a way of distracting people from the reality of what's going on, especially those without any financial background might tend to believe that if you just printed a piece of paper and called it money, that you could finance an economy that way.
If SV want to help poor people, then they can probably help the most by helping to root out corruption, by investing, setting up real industry etc..
I came to say the thing.
It's like all the worst things about SV rolled into one silver turd.
At least some Machiavellian or dumb things are actually workable, in the 'business' sense, I think this one doesn't even make sense as a startup.
Is there such a thing as a Christian monetary system; what would it look like?
No.
21 “Caesar’s,” they replied.
Then he said to them, “So give back to Caesar what is Caesar’s,(A) and to God what is God’s.”
Matthew 22:19-21
Rev 13:16-17
Under 'Christian Democratic' / Communitarian principles, I think that 'money' probably just be a responsibly managed currency, just a tool, like any other thing. So - above board, transparent, regulated, and where central bank policy would not be oriented just to capital holders but rather everyone in the community. Like everything else in life we want to work well - a bit boring, mundane, consistent, dependable.
Why do you think this has something to do with religion?