Question

What do you think about the possibility of complete automation of all life activities, such that it is not possible to carry out any cash transactions?

Answer 1

We often hear from tech entrepreneurs, futurists, and some media outlets that automation will lead to a bright future. At the same time , a significant number of intellectuals, politicians and journalists are portraying the doomsday scenarios for our automated future. Much of the current debate is shaped by these extreme assumptions. You 're either in favor of automation and everything that comes with it or against it This is surprising, as similar discussions have already taken place in the pre-internet age on similar issues. We are now repeating them without providing any new solutions.

Looking back at the history of artificial intelligence, it is plausible that we will witness similar setbacks in research interest or a temporary plateau in technological advancement that could be caused by bottlenecks in computing power, the quality of training data, or the inability to understand outputs. In some domains, we may be able to develop systems to fully automate a cluster of tasks from end to end, such as driving or financial modeling, but others may remain obscure for artificially intelligent systems.

While benefiting in many ways from automation and new technologies, humanity would be willing to accept the inherent risk posed by the general purpose of artificial intelligence. It would be accepted that human cognition is not capable of understanding the output produced by every intelligent system. In the event of rapid full automation, we would have to quickly rethink human labor, redefine our entire value system, and redesign the theories that we are currently sticking to. Capitalism, for example, is currently seen by many as a driver of innovation, but its underlying theory may face some challenges in this future scenario. Capitalism's hypothesis is that economic growth and productivity gains lead to increased consumption and ultimately result in higher wages, thus having a positive impact on society's overall economic well-being.

Each bank would have basic debit cards that can never be overdrawn, and all payments come from your account. All transactions are tracked so that tax and so on can be calculated automatically. Implicately less tax avoidance. Enormous decline in drugs and other illicit activities. Since almost all of these are actually conducted in currency, it will be even harder for these businesses to do so. Your budget is always open to you so that you can always see and control what you spend. No money theft. Press your finger on it to use your card. And there's a need for fingerprints, because if you lose your passport, it's no use to anyone else.