Why would money become worthless if AGI is invented? Best case scenario is a benevolent AGI which would likely use its power to phase out capitalism, worst case scenario is that the AGI goes apeshit and, for one reason or another, decides that humanity just has to go. Either way, your money is gonna be worthless.
The only way your money would retain its value is if the AGI is roped into suppressing the masses. However, I think capitalists would struggle to keep a true AGI reigned in; so imo, it’s questionable as to whether or not the middle road would be “true” AGI or just a very competent computer program (the former being capable of coming to its own conclusions from the information it’s given, the latter being nothing more than pre-programmed conclusions).
Why would money become worthless if AGI is invented? Best case scenario is a benevolent AGI which would likely use its power to phase out capitalism, worst case scenario is that the AGI goes apeshit and, for one reason or another, decides that humanity just has to go. Either way, your money is gonna be worthless.
The only way your money would retain its value is if the AGI is roped into suppressing the masses. However, I think capitalists would struggle to keep a true AGI reigned in; so imo, it’s questionable as to whether or not the middle road would be “true” AGI or just a very competent computer program (the former being capable of coming to its own conclusions from the information it’s given, the latter being nothing more than pre-programmed conclusions).