Bitcoin Mining Death Spiral, AGI, and the End of Central Banking w/ Rich Rines
The "What is Money?" Show
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AI, Government, and Abundance
This chapter examines how advancements in artificial intelligence could lead to a reduction in government size and a transformation in productivity. The conversation highlights the potential for increased state revenue paired with a smaller bureaucratic footprint, alongside the implications of a universal basic income. It also discusses the evolving economic landscape with the rise of Bitcoin and the necessary adjustments to societal structures amidst these changes.
Play episode from 01:47:33
Transcript
