We‘ll always need money.
Let’s choose the best form of money.
For quite some time, I was a fan of „The Venus Project“ (
The Venus Project
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The Venus Project is a non-profit organization that presents a new socio-economic model utilizing science and technology toward social betterment t...
It envisions a future without war, military, crime, poverty, nation-states, and even without money.
How? In short, through technology and automation.
The key aspect was to get so efficient in everything we want to produce, that everything becomes free (as in „gratis“) and everyone can just pick up what they need at the next local store.
I always found this intriguing.
I liked the idea.
I could understand why we wanted to live in such a world.
Who wouldn’t want to get everything they need, for free?
But something didn’t add up.
I couldn’t point to it at that time.
Jacque Fresco, the founder, always seemed so sure about it. We don’t need a money.
But something bugged me.
Money is a tool.
Yes, our fiat money is broken.
It’s a broken tool. But a tool nonetheless.
What is it a tool for?
To store value, to transfer value. AND: to *measure* value.
Measuring value is a key aspect we often don’t understand well enough when it comes to money.
We don’t think of „measuring value“ when we „use“ money.
Not in the same sense as we measure length, for example.
Why?
Because the measuring tool, Fiat money, is broken.
It changes it’s own „length“ constantly.
We call it inflation.
Inflation hinders us to use the tool properly.
We constantly need to adjust to new units.
But we will always need to rely on a tool to measure value.
Even if everything is highly automated.
It can only become virtually free, but never *really* free.
We live on a planet with finite resources.
Even if we can produce anything through automation and don’t require costly human labor anymore, we will be bound to the constraints of a finite planet and it’s finite resources.
Many things may become „dirt cheap“, yes.
We may even consider it virtually free because it’s so cheap to, say, even buy/rent transportation.
But it can’t become totally free.
High automation combined with finite resources will require us to put a price on any resource we want to consume.
The free market mechanism need to be able to work.
If a once abundant resource becomes scarce, its price needs to rise.
If it wouldn’t rise, we’d exhaust the resource completely.
The price needs to rise.
We‘ll always need a money.
As such, we need to use the best money there is.
If we‘d still use Fiat money, the ones with the money printer will end up consuming all resource until there’s nothing left, just because they can pay any price they’re asked.
We’ll always need a money.
Let’s use a tool capable to *measure* value.
Let’s use a tool with constant units.
21 million. Never more.
#Bitcoin
