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shmoculus t1_je7y366 wrote

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Sashinii t1_je83t5u wrote

No. Cryptocurrency IS scarcity. They're talking about post-scarcity.

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Loud_Clerk_9399 t1_je8qvxg wrote

I mean the idea of money goes away. No Bitcoin. No trading for barter no money.

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shmoculus t1_je8zz9d wrote

I think this is a bit premature because there is usually some form scarcity either by distance or time and a medium of exchange is necessary to trade these resources

e.g. gold is scarce localy but a sufficiently advanced space mining system will increase supply until we need to get out of the solar system, then you likely have to time constrained scarcity ie have to wait for operations in another star sysytem to be setup and send resources back

Even considering there are billions of people and perhaps a few very disirable places for them to live, how to allocate living space equitably since the qualities that make that space desirable cannot easily be scaled e.g. the historical / cultural value of living in Paris, the beauty of living in Hawaii

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