Oddbean new post about | logout
 Yes and the exponential rate of productivity gains (exponential deflation) which means exponential monetary manipulation to try to stop deflation + the race to war/winning the AI race will mean that #Bitcoin will skyrocket in fiat terms. 
Bitcoin is pricing everything falling to its marginal cost of production - including AI. 
 The intense deflationary pressure ai would provide would be the perfect opportunity to monetize tens of trillion$ in debt, wouldnt it? 
 Of course, under a #Bitcoin standard then, the excess capital from savings on existing goods and services is used for more innovation at an accelerated rate(priced at premium), art, wellness and architecture etc, resulting in a beautiful world of abundance and peace.