I would like to share with you my insights into what I think money does represent.
My thesis is that other than the obvious function of giving us here and now the sense of security or by inflating our ego by having it, it's functionality in the present is quite limited.
What I mean by that is:
-I can check the balance account on my computer. In this scenario it's function is to "turn on specific pixels on the monitor".
If I was extremely rich I could build something from a physical pile of it.
I can also manipulate the banknote by putting it in my wallet or by paying with it.
And it is this activity, the payment, which triggers the true function of money which is the representation of future possibilities.
In other words money become a manifestation of future possibilities in a form of present only when we transfer it and receive something in return.
What is even more interesting is that this function lies deeper than the psychological function mentioned before:
If money didn't represent future possibilities we wouldn't feel safe by having it, money wouldn't have much of influence on our ego, other than maybe giving us joy of building a castle from pile of it.
I found this insight interesting hence decided to post it here and as always I'm interested in your thoughts on it.
Note: This post was crossposted from Planned Obsolescence by the Forum team, with the author's permission. The author may not see or respond to comments on this post.
Subtitle: If acceleration compounds, the naive extrapolation implies superintelligence within a year
This post discusses a public METR report on AI R&D acceler...
TL;DR:
* When we started Rethink Priorities (RP) in 2018, our mission was, simply put, to close the knowledge gaps that stopped people from improving the world as much as they could. That hasn’t changed much, but the landscape we’re doing it in is shifting.
* In 2027, we plan to grow our core GHD, Animal Welfare, and Worldview Investigations teams to take on emerging priorities across causes, including those that the forthcoming transformative AI is creating.
...
This post is part of the Rethink Priorities Cross-Cause Fund (CCF) series on how to allocate funding across causes when it is uncertain what matters most.
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Hi there!
I would like to share with you my insights into what I think money does represent.
My thesis is that other than the obvious function of giving us here and now the sense of security or by inflating our ego by having it, it's functionality in the present is quite limited.
What I mean by that is: -I can check the balance account on my computer. In this scenario it's function is to "turn on specific pixels on the monitor".
And it is this activity, the payment, which triggers the true function of money which is the representation of future possibilities.
In other words money become a manifestation of future possibilities in a form of present only when we transfer it and receive something in return.
What is even more interesting is that this function lies deeper than the psychological function mentioned before: If money didn't represent future possibilities we wouldn't feel safe by having it, money wouldn't have much of influence on our ego, other than maybe giving us joy of building a castle from pile of it.
I found this insight interesting hence decided to post it here and as always I'm interested in your thoughts on it.
Cheers!