money is probably much less valuable after AGI than before, indeed practically worthless.
I think this overstates the case against money. Humans will always value services provided by other humans, and these will still be scarce after AGI. Services provided by humans will grow in value (as measured by utility to humans) if AGI makes everything else cheap. It seems plausible that money (in some form) will still be the human-to-human medium of exchange, so it will still have value after AGI.
It does not make the case against money at all; it just states the conclusion. If you want to hear the case against money, well, I guess I can write a post about it sometime. So far I haven’t really argued at all, just stated things. I’ve been surprised by how many people disagree (I thought it was obvious).
To the specific argument you make: Yeah, sure, that’s one factor. Ultimately a minor one in my opinion, doesn’t change the overall conclusion.
I think this overstates the case against money. Humans will always value services provided by other humans, and these will still be scarce after AGI. Services provided by humans will grow in value (as measured by utility to humans) if AGI makes everything else cheap. It seems plausible that money (in some form) will still be the human-to-human medium of exchange, so it will still have value after AGI.
It does not make the case against money at all; it just states the conclusion. If you want to hear the case against money, well, I guess I can write a post about it sometime. So far I haven’t really argued at all, just stated things. I’ve been surprised by how many people disagree (I thought it was obvious).
To the specific argument you make: Yeah, sure, that’s one factor. Ultimately a minor one in my opinion, doesn’t change the overall conclusion.