Elon Musk and others predict universal basic income will create a post-labor world where the government provides everything. The speaker questions how cryptocurrencies would work if fiat money collapses, and criticizes pricing tokens in dollars when the US currency is dying from national debt.
These guys like Elon Musk are saying— they are saying that universal high income will be a thing. Now, does that mean you're renting everything from the government that you use and there's no work, like it's a post-labor society? What's going to happen with cryptocurrencies if money doesn't exist? Because when we wake up, we always value these tokens against the dollar, which is not cool. It's not cool to value it the dollar because the dollar is dying. We're in trillions of dollars of debt, right? Billions of gazillions of dollars of debt, okay?
