Musk’s Wild Prediction: Money… Gone?! đŸ˜±

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It appears Mr. Elon Musk, a gentleman of considerable fortune and, one must confess, a rather peculiar imagination, has been indulging in speculations regarding the future of commerce. He posits, with an air of unwavering certainty, that as mechanical contrivances – those marvels of ‘Artificial Intelligence,’ as they are termed – and automatons become increasingly proficient in attending to our needs, the very notion of money shall dwindle into obsolescence. A preposterous notion, one might add, though not entirely without a certain
logical thread.

  • Mr. Musk suggests that should these clever machines render human labour largely unnecessary, the current system of remuneration will hold little purpose. One shudders to think of the tailors and seamstresses!
  • He declares ‘Energy’ to be the ‘true currency,’ a rather sensible observation, to be sure, pointing to that digital creation, ‘Bitcoin,’ as possessing value due to its connection to the rather mundane realities of electricity and machinery.
  • However, he readily admits – and this is a point of some relief! – that such a transformation is dependent on advancements yet to be achieved. Fiat currencies, for the present, remain dominant, with Bitcoin occupying the position of a rather curious, and occasionally volatile, alternative.

Mr. Musk, during a conversation with a Mr. Kamath (an Indian entrepreneur, so I am informed) declared that money might ‘disappear as a concept.’ A bold claim, indeed! He suggests a future where artificial minds and mechanical hands fulfill all human requirements, rendering the necessity of monetary exchange rather
superfluous.

“If AI and robotics are big enough to satisfy all human needs,” he proclaimed, “then money is no longer
 its relevance declines dramatically.” One hopes, for the sake of prudent housekeeping, that this prediction proves somewhat overstated.

He then alluded to a series of fictional narratives-the ‘Culture’ series, as they are known-as illustrative of a society liberated from the constraints of commerce. A charming notion for a novel, perhaps, but a rather unsettling prospect for the practical realities of life.

Despite this suggestion of money’s demise, Mr. Musk astutely observes that certain forms of value will endure. He champions ‘Energy’ as a ‘fundamental currency,’ governed by the unwavering laws of physics, rather than the whims of Parliament. A refreshingly sensible sentiment, one must concede.

“Energy is the true currency,” he boldly stated, adding that the allure of ‘Bitcoin’ stems from its dependence upon energy consumption. The process of ‘mining,’ it seems, involves the expenditure of electricity and complex calculations, thus anchoring the digital realm to tangible resources. One does wonder if he keeps a detailed account of the electricity bill!

Mr. Musk wisely points out the impossibility of legislating the availability of energy, a sentiment with which any sensible person will readily agree. “You can’t legislate energy,” he declared, with a touch of delightful exasperation. “You can’t just, you know, pass a law and suddenly have a lot of energy.”

He further proposes that control over efficient energy production shall become the foundation of economic power. This, naturally, aligns with the ‘Bitcoin’ model, wherein electricity and machinery are transformed into digital scarcity – a concept that some find rather mystifying, and others, downright alarming.

The energy usage of this ‘Bitcoin’ continues, it appears, to be a topic of considerable debate. Some express concerns regarding its environmental impact, while others maintain that it encourages the development of renewable energy sources and enhanced power grid efficiency. One suspects both sides are prone to rather…enthusiastic pronouncements.

Mr. Musk, however, neglected to provide a precise timetable for this radical transformation. It remains contingent upon the advancement of these ‘AI’ and ‘robotic’ sciences, progress which, at present, remains somewhat hypothetical. For the time being, national currencies will continue to serve their purpose, and ‘Bitcoin’ shall remain a somewhat eccentric, yet undeniably intriguing, alternative.

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2025-12-01 10:31