RE: First the blockchain will steal your job, and then it will compensate you for it with tokens. For EVERYTHING.

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First the blockchain will steal your job, and then it will compensate you for it with tokens. For EVERYTHING.

in busy •  7 years ago 

The future looks really cool and I think you are dead on that many of the mundane tasks we do now, reviews, sharing content, seeing/hearing ads, and so on will be tokanized and we will share in the money being created there.

I don't think we are anywhere near the point of tokens becoming THE economy. We still need farmers, janitors, plumbers, and so on.

We are a long ways away from UBI utopia but I think we are getting close to the point of getting paid for the social media stuff we already do.

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We will always have farmers, janitors etc, I believe. These are jobs that produce something. They will always remain. Just like the cognitive jobs - the current "top of the pyramid" of thinkers and decision makers. These will remain, too. But all the rest - the people who work for the decision makers, will become obsolete.

But that is a big part of the problem, who is going to do those jobs?
Those jobs are hard, menial, and (currently) low pay so why would anyone chose to do any of those jobs (and there are 100's more like them) if the option to survive while not working is on the table?

I would think that we will have to start bidding the price of those jobs up, which drives up the cost of everything, which blunts a huge part of having a UBI (tokenized or otherwise).

I do think that the tokenization of many aspects of the economy can be part of the puzzle of how we can increase the standard of living while decreasing total time spent working.