>Because make no mistake. If you live on handouts from your government, you aren't free.
This isn't actually the problem since we need and will continue to need UBI for non-AI related reasons
>People say it will free us up to pursue whatever we want, but to me it sounds like the worst cage imaginable.
This is where you missed the bit that "pursue whatever we want" will also be limited by AI, and secondary effect of people growing up consuming and enjoying AI productions that tailored to their interest. At best, you'll have a few people commanding Patreons who have some skill, but generally you'd have to find a domain to pursue that isn't already automated. Luddite subcultures will have to develop. But generally you yourself and most others, particularly children of millennials who'll grow up with this stuff progressing in sophistication, might just spend your time watching your video prompts come alive; and who would wanna. do anything else when you can get straight to what you wanna see.
> we need and will continue to need UBI for non-AI related reasons
This mentality is why bitcoin is going to cruise through 1 million dollars a bitcoin and on and on. Print Monopoly money and people who earn will keep seeking out sound money.
Hint: the money comes from redistribution, not blindly printing more, the latter would obviously be completely insane (which is why you'd rather argue that scenario) whereas the former would keep the economy going, which is obviously in the interest of the capitalist class. No point owning and producing if there's no buyer because everyone is starving.
What you seem to think would devalue money will be the very thing that keeps it going as a concept.
And I hope you understand somewhere deep down that Bitcoin is the epitome of monopoly money.
I see it as the polar opposite, backed by math. A politically controlled money supply with no immutable math-based proof of its release schedule is Monopoly money. Cuck bucks. Look at the 100 year buying power chart.
On your second point, in spirit I agree. You need a stable society to enjoy wealth so it’s in the ruling classes best interest to keep things under control. HOW to keep things under control is the real debate.
That's what makes it bad. A fixed algorithm that soon will spawn pittances would do an utterly miserable job if it ever gained status and usage as actual currency. Deflation is bad. So much worse than inflation. Not having flexibility in the money supply is lunacy.
Mild inflation resulting in 100 year buying power going to fuck-all is good. It forces money to be invested, put to work. If sitting on your stash is its own investment the economy is screwed. Reduced circulation means less business means less value added and generally more friction. Why would you want that?
Crypto does some things well (illegal stuff, escaping currency controls/moving lots of money "with you") but in the end that also requires it is only just big enough for reasonable liquidity, but not so big it has an impact on the actual economy. For what it's being pushed for... it's a negative-sum game only good for taking people for a ride. It should stay in its goddamn lane.
All money is politically controlled, including Bitcoin (although it's debatable if Bitcoin even counts as money). The politics of Bitcoin are one-op-one-vote rather than one-man-one-vote, but it's still there, and it's still mutable if enough of them cast their votes in any given way.
This isn't actually the problem since we need and will continue to need UBI for non-AI related reasons
>People say it will free us up to pursue whatever we want, but to me it sounds like the worst cage imaginable.
This is where you missed the bit that "pursue whatever we want" will also be limited by AI, and secondary effect of people growing up consuming and enjoying AI productions that tailored to their interest. At best, you'll have a few people commanding Patreons who have some skill, but generally you'd have to find a domain to pursue that isn't already automated. Luddite subcultures will have to develop. But generally you yourself and most others, particularly children of millennials who'll grow up with this stuff progressing in sophistication, might just spend your time watching your video prompts come alive; and who would wanna. do anything else when you can get straight to what you wanna see.