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AI: Where Macro Meets the Exponential Age w/ Jordi Visser & Raoul Pal
Real Vision: Finance & Investing
The Importance of Authenticity and Scarcity in the Age of AI
A painting, possibly by da Vinci, is sold for $400 million, but its authenticity is questioned. George raises the issue of replicating Picasso using modern technology. The Fiat system relies on authenticity, as $500 trillion is at stake. The wealthy value scarcity, but in a world of abundance, equality may normalize. Working for big companies becomes less important as people create and balance their own lives. Equality will happen when those with more to lose realize their dependence on scarcity. In the digital world, everything becomes free, but blockchain technology can prevent it.
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