Not as a store of value, not as a trusted ledger, not as a currency. I’m willing to bet that by the time the monetary system converges to decentralization (if it does?), we will have already passed the stage where money holds any real value.

Money exists to bridge the gap between scarcities.

It is valuable only as long as scarcities exist. If there is no scarce resource in demand, then there is no requirement for any medium of exchange.
Not fiat.
Not gold.
Not crypto.

If you have everything you need, there is no need to store value either.

AND, in a society where trust is inherent and no one plays zero-sum games, a “trusted ledger” is redundant.

Why would scarcities cease to exist?

The economy is fast-moving towards a state of human-less functioning. The speed at which solutions to problems are being built is accelerating. Soon, resolving conflicts to meet one’s needs will be unnecessary. Imagine a world where you can prototype niche solutions instantly. Food, shelter, consumer goods—everything you require will be hyper-local and abundant. When there’s no notion of relative wealth or power, our very perception of “needs” will change.

People will no longer work for money.

We are already close to this stage—where one simply does what they love and thrives. Money will become irrelevant for an increasing number of people every year.

Bitcoin was a great invention, but it arrived too late and will soon be irrelevant. That’s the prediction for the day, and all predictions are false. 🤷‍♂️

(Ohh, btw, all the above is based on the assumption that there will continue to be strong resistance from central banks/governments against crypto in the foreseeable future.)

Questions I’m still searching answers to:

  • From money, what does influence shift towards? My guess: human intelligence, the ability to play, and creativity with tools.
  • What timeline are we looking at? My guess: closer than the predictions.

Until then, happy selling.

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