Money is Not Needed with Energy Abundance

J35st3r

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Merit: 100

Quote from: benjamindees on May 29, 2013, 05:17:43 AM

I recommend diluting the Zeitgeist kool-aid with a bit of reading from Tom Murphy's blog:

http://physics.ucsd.edu/do-the-math/2012/04/economist-meets-physicist/

And another recommend from me for his blog. The later posts get a bit tired but the early stuff is superb.

Particularly good are ...

http://physics.ucsd.edu/do-the-math/2011/10/the-energy-trap/
http://physics.ucsd.edu/do-the-math/2011/10/why-not-space/
http://physics.ucsd.edu/do-the-math/2011/07/galactic-scale-energy/
http://physics.ucsd.edu/do-the-math/2011/09/got-storage-how-hard-can-it-be/

Don't be put off by the "Peak Oil" meme, this is rational stuff not doom-mongering.

YaCoinYeah

newbie

Activity: 42

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Wishful thinking at its prime.

As long as there is property there is value and therefore a medium of exchange that is value between two or more people, e.g. money.

Stampbit

full member

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Merit: 100

um artificial scarcity, how do you think our gasoline prices are set? If we had a fission machine it would be solely owned by the illuminati lol.

TheGovernedSelf

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Activity: 102

Merit: 10

There are two components involved in everything:

Energy and labor.

Money would still be required.

To look at it from a different viewpoint:
Why is almost all software and digital data free? It requires almost 0 energy and 0 labor to propagate extra copies.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Even if you have enough energy, if all the energy on the planet are owned by a few people, there will still be problems, it is the ownership caused all problems, not technology

Money is a measurement of ownership, since money have universal equivalence, if you own money, you own energy

Malawi

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One bitcoin to rule them all!

All it really says is that what you pay for is other peoples time.

bb999

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Activity: 70

Merit: 10

Quote from: Foxpup on May 29, 2013, 11:54:56 PM

Quote from: bb999 on May 28, 2013, 03:20:33 PM

This falls under the category of "post scarcity utopia"

No it doesn't. It's not post-scarcity at all. Even if goods and energy are free, real estate and professional services are still scarce and money will still be needed to trade them.

Professional services are not scarce, they are being digitized and automated all the time. Go look at any accounting or law firm that has outsourcing agreements in other countries or improved software that requires fewer people to operate. Also I put that in quotes because the idea of free energy has been speculated about for decades with no success, until it's a practical technology this whole line of conversation is just speculation.

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: bb999 on May 28, 2013, 03:20:33 PM

This falls under the category of "post scarcity utopia"

No it doesn't. It's not post-scarcity at all. Even if goods and energy are free, real estate and professional services are still scarce and money will still be needed to trade them.

freigeist

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Quote from: Hawker on May 28, 2013, 03:37:34 PM

You underestimate the need for blow and hookers. Even with energy abundance, picking crops in the tropics and going down on schmucks will require money.

actually not becaue there won't be hookers then I mean women that are hookers
out of necessity to survive.

benjamindees

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I recommend diluting the Zeitgeist kool-aid with a bit of reading from Tom Murphy's blog:

http://physics.ucsd.edu/do-the-math/2012/04/economist-meets-physicist/

kodo

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lol funny thread

Hawker

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You underestimate the need for blow and hookers. Even with energy abundance, picking crops in the tropics and going down on schmucks will require money.

bb999

member

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Merit: 10

Quote from: freigeist on May 28, 2013, 02:02:31 PM

Hello.

This is just an article that I found on the internet.
http://www.trueactivist.com/money-is-not-needed-with-energy-abundance/

This falls under the category of "post scarcity utopia" which unless someone invents cold fission or another form of perpetual motion machine, is still science fiction for now.

freigeist

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Merit: 534

Hello.

This is just an article that I found on the internet.
http://www.trueactivist.com/money-is-not-needed-with-energy-abundance/

Topic: Money is Not Needed with Energy Abundance (Read 1142 times)