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@taskmaster4450le
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The issue with this viewpoint is that much of the technological progress was due to the expansion of the money supply. If we still were operating on the gold standard, we would likely be 20 years behind where we are now (if not more). There is no way to innovate when you have such a tight monetary supply, especially with a growing population.

The debt, as you correctly stated, will never be repaid. Hence it is a non-factor other than the services. Crypto will be vital to the continued technological expansion since we are at the point where it is going to require tens of trillions of dollars to keep up. Technology is an expensive bear to feed.

Fortunately, the money game is a mirage anyway. In the long run, it really doesnt matter. Prices are going to start deflating across the board over the next 10-15 years. What happened in the computing world will be translated to energy, transportation, materials, biology, and construction.

Instead of developing another messenger application, we are truly embarking upon societal changing stuff. The cool thing is there are 8-10 of them being worked on as I write this.

Life will be different in a decade.

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