gunson on Nostr: Seems more and more likely that AI is going to have a large short term disruptive ...

Seems more and more likely that AI is going to have a large short term disruptive impact on employment. This will lead to panic - I'm already seeing it from normie white collar job friends who think they'll be unemployed in a year and are making big decisions factoring this in.

I honestly don't know what the fuck will happen and I'll probably panic too.

But you know who will really panic? Governemnts. And they will both feed off and feed into the panic. The most obvious thing people will demand is guaranteed income and more welfare to protect them - I think even normies will realise AI is too powerful to simply regulate.

This will lead to money printing. And this will happen before AI has a chance to grow the economy enough (i.e. pay the national debt from more taxes paid by Google and OpenAI).

I don't know if Bitcoin goes higher in this scenario, but it increasingly looks like the one thing that can't be fucked with.