The 'AI' takeover for the USA {& West} - How it will probably function {TXT}
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Automation and 'AI' ๐กโก๐น๐ต๐ฐ
๐น ๐ค ใฐ ๐ข๐ญ
Disclaimer
This is in no way financial advice. This is speculation based on simple evidence.
We will pre assume you have some basic knowledge of both cryptocurrency & what a 'Stablecoin' is.
Intro
Readers may or may not be aware that we 'designed' a 'worse case' scenario for a 'side' or 'loop hole' economy to 'save' or take pressure OFF the USD ๐ต
We 'designed' or came up with this system because we noted the gold price a key indicator of the USD 'health' was rising.
And for 'general interest' .
So NOW we believe the 'AI' solution is going to be a type of 'hybrid' of that system {maybe ยฏ_(ใ)_/ยฏ}
So here is how we think it will function >>>>>
Lets also mention if the solution differs from this we will be interested to see by how much and in what ways.
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Lets begin with 'Automation'
๐คใฐ๐ข๐น๐ญ
Let's utilize a good example
McDonalds
๐๐๐๐๐๐
๐๐๐ฅคใฝ๏ธ
So lets for simplicity sake take ONE employee of McDobalds his name is J
Here he is ๐จ< J
He basically cooks the burger patties ๐ !
Now again for simplicity, let's say that McDonalds pays J 50k per year.
So 50k ๐ต J gets per year.
Now Larry has diverted enough of the pension funds ๐ฐ๐ต and the Data Centers are built!
{This will happen soon}
So now McDonalds wants to make the Automation shift ! So let's give an example of what we believe will occur.
'AI' Corps will compete for McDonalds Business to replace J !
๐จ ๐ ๐ค
So MANY 'AI' companies will compete for McDonalds business.
How they will do this is they will OFFER McDonalds a 'package' to replace J.
What this package will include IS the humanoid robot {or other customized Robot} and all the maintenance, and the 'AI' system to do the job! So McDonalds will get the Robot and 'AI' system to do the job that J is doing now.
What will the 'AI' corps want ?
TOKENS
๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ
So remember we said that J is paid 50K per year.
So the 'AI' corp will ask McDonalds to BUY ..... Let's give an example 40K worth of Tokens per year.
Let's say the successful contract is for 5 years & the 'AI' corp asks 40K of Tokens at the beginning then scale it down to say 25K per year. {After 5 years}
So simply McDonalds will be asked to BUY 40K worth of Tokens. {At the beginning} but they get the robot and all maintenance!
Then ongoing they only pay 25K per year. ๐ฐ >
Then this robot will be 'trained' in a simulation in the data center but then will be constantly 'updated' via 'on the job' input data that is sent back to the data center 'live'.
So lets look at it from McDonalds point of view {if all goes well} they will be REDUCING wage output and INCREASING profits.
๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ
By replacing J.
However if you are an intelligent reader you will be noticing some gaps in this scenario..... We will address all these.
TOKENS explaining them.
๐ช ๐ช ๐ช ๐ช ๐ช
So the Tokens ARE a type of 'specialized' stablecoin basically each 'AI' corp will get or have one.
So simply 1 USD = 1 Token. ๐ช
{This is just the simplest way to do it}
They need to be a stablecoin for the whole system {as we propose / theorize it} to function.
So simply each 'AI' will have these tokens to offer , the stablecoin contract will track who purchased what and when etc so McDonalds etc.
THE 'AI' CRYPTOCURRENCY !
๐๐๐๐๐ฐ๐ต๐น
:0 :0 :0 :0 :0
THE WEST Changing aspect.
Now here is the 'Trick' and where a lot of ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ Is made.
Now lets be clear this entity / device MUST be a CRYPTOCURRENCY.
WE EXPECT it will be a new cryptocurrency and it will have an IPO.
{We think it will be very strange if it doesn't and is not}
Let's be clear
THIS CAN NOT BE A STABLECOIN
For the system to be successful IT MUST FREE MARKET FLOAT.
ONLY Path to Tokens is > through this 'AI' Crypto.
โก๐ฐโก๐ช ๐ค
So now let's explain this new up to date cryptocurrency will be the ONLY path to buy the tokens.
So ALL the 'AI' corps will DEMAND this cryptocurrency for the purchase of Tokens {that are a stable coin}
So basically this will drive DEMAND for this fixed asset that floats.
Because this means simply for a business to automate through these 'AI' corps they will need to HOLD this Asset.
And thus simply AS humans are replaced by automation then simply the floating PRICE FLOOR OF THIS ASSET WILL RISE.
โฌโฌโฌโฌโฌ
How Will McDonalds continue if all the 'Consumers' lose their jobs!?
J has no $ to buy the burgers he use to flip ! ๐
๐ฆ๐จ๐ฆ๐จ๐ฆ
Well {in this example} we KNOW McDonalds NEEDS this 'AI' crypto asset to pay for โก tokens โก๐ช
This is because {in this example} ALL the 'AI' companies have agreed to ONLY accept this asset for Tokens ๐ช
So we know that McDonald's NEEDS this asset so then {obviously} they will ACCEPT this crypto asset for Burgers ๐ because they need it.
Of course everything will still be PRICED in Dollars $.
SO simply, now these 'AI' corps will just GIVE J some of this asset that has now greatly risen, {also see 'fees'} they will give J a fixed Dollar $ amount of this asset per Week / month.
So let's say 500$ or 1000$ worth per week.
So this might be 0.01 of the Asset. {it would vary as it floats}
Now J has $ {money ๐ฐ} to buy burgers yay ๐๐๐๐๐ !
Let's follow the 'money': ๐ฐโป๐ฐ
- the 'AI' corps create the Crypto with US financial partners.
- It comes from the 'AI' corp โก
- It is mined by the 'AI' corps {Data centers}
- they issue some to J ๐จโฌ
- then J buys a Burger ๐ โก
- so it goes to McDonald's โฌ
- McDonalds pay it back to the 'AI' Corp โก
- And any 'fees' from transactions also go back to the miners {the 'AI' corps}
Some resources were used but lots of profit was realised!
โป
Profits come from the economic activity & the asset appreciation.
The crypto only utilizes energy to produce, no other cost !
Next
How do we KNOW it will be a NEW cryptocurrency?
โใฐ๐น๐พ๐
Because some of the 1600 plus data centers that are being built WILL mine it !
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That is WHY there are so many data centers! {And probably more coming}
The crypto will be 'tuned' to the Nvidia cards they are using and in this way China will not be able to OUTMINE the system.
This is strong evidence that it will be a POW {Proof of Work} system.
{Like a more advanced Bitcoin}
Let's say they 50% IPO {sell 50% of the supply} then mine out the remaining with the data centers over decades and centuries etc.
Then utilize 'fees' to continue it , just like Bitcoin.
However we expect the IPO to be 500 Million or 1 Billion units.
However we want to tell you this cryptocurrency will be a floating asset that will have a significant % of the USA economy in it. So its valuation will probably rise over time.
In many ways this asset would be a replacement of a US treasury. And any foreign entities would / should be able to buy it.
So if it rises greatly then simply every US citizens could be given a small amount which then loops back into the economy just as the 'consumer' economy functions now.
The 'cost' would be the energy to mine the crypto and that is about it.
Now you may think that this cost is significant, however the REAL cost is just the cost of the resources, because if most of these 'production' systems are automated {and they would be} then 'wages' are paid in tokens to the 'AI' corps.
Its just the cost to get the resource out of the ground by 'automated' systems.
ยฏ_(ใ)_/ยฏ
This system is a somewhat amazing hybrid automated economy. That is still a 'market' economy.
Don't forget 'FEES' !
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This one is very interesting! Check this out !
If you have any education of Bitcoin you will know that the fees that are on a transaction go back to the MINERS.
This was designed so that when the system was 'mined out' then there still would be an incentive to mine for 'distributed miners'
:D '
So let's think about it .
In this case there are 1600+ Data centers so there is really NO distributed mining.
The mining is done by whoever OWNS those data centers!
{And a few others around the world}
So this is basically partly the USA 'citizens' because well its pension funds and other things that are going to build them!
SO
Simply the more economic activity then the more 'fees' are generated !
And ALL{most} of these 'fees' go back to the 'AI' corps. {Or whatever entity is mining on those data centers}
So simply J and every US citizen can be {likely} paid JUST from these fees!
ยฏ_(ใ)_/ยฏ
You see if the asset rises greatly and there is significant economic activity, then there will be a lot of $๐ฐ in fees generated.
So simply then the 'AI' corps will just cycle these fees back to the 'people' & this {of course} then primes more economic activity !
Again the only cost is energy. {And as we will show its not that high}
What about 'stability' ?
Just like 'Bitcoin' McDonalds will buy but what if the price then drops ! {Its a floating asset}
This is unlikely simply because of the 'backing' it would have HOWEVER if it did occur then simply the 'AI' corps can 'insure' the companies a certain price floor.
It would be done simply and the only time it would need to be utilized is in the early time point of the asset.
Its basically in everyone's interest to insure a certain price floor for these companies that are automating.
This would simply be done by the 'AI' corp adjusting the live price point {the number} of tokens they demand.
Will / could this cryptocurrency be Bitcoin !
YES it could be! โโ
IF you believe that Larry from Blackrock will want to make BITCOIN holders and Chinese people rich ! And not himself or anyone else building the system!
Also if they want to use outdated encryption that can now {more or less } be hacked by consumer 'AI' systems.
If you believe the designers will risk the US economy on those things then YES !
YES IT COULD BE โโ
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What would it mean for other cryptocurrency?
How to 'Value' a Cryptocurrency?
๐ฐ๐ก๐ต๐ฐ๐
ยฏ_(ใ)_/ยฏ
Here is the 'Secret' on this
Any Cryptocurrency can be 'valued' on these things :
- Its Proof of Work 'difficulty'
- Everything else including anything it is linked to.
So if you look at the 'Cryptocurrency' market you will note that most Cryptocurrencies quickly moved AWAY from Proof Of Work.
This is because they are 'fakes' basically built by the same 'owners' ๐ฝ of most of the Bitcoin.
Proof of Work is 'genius' because it means someone HAS to PAY in energy to get the Cryptocurrency.
Then everything else follows , so in the case of this possible new Cryptocurrency it would need to be PoW , then it will be also linked to 'AI' and automation.
Making it a good valuation.
Bitcoin HAS got Pow however it has NOT really had a real competitor.
If this {theorized new system} functions on PoW then it will really be the FIRST competition to Bitcoin And then you will see what the TRUE vale of Bitcoin is.
NOTE ๐
read further PoS or Proof of Stake can work IF the cryptocurrency is directly LINKED to something.
First to automate first to gain!
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This system should be 'free market' the only way find a TRUE price is to let something float.
So if the Cryptocurrency is 1 Billion units and let's say 50% IPO
Now there are 500 Million units in the market.
Simply the first Businesses to purchase robotics will be the first businesses to purchase this Crypto Unit.
Then as they will hold it in reserve this asset will increase.
Some early corporations will gain so much that they will probably become quasi financial institutions. {Think McDonald's ๐}
Federal reserve can ensure the system can not 'fail.'
๐ข ๐ข ๐ข ๐ต ๐ฐ
When the Federal reserve 'injects' liquidity into the market.
This is how they do it.
The Fed simply buys a BOND from a Key financial institution.
Let's explain:
The institution {black rock} ๐ Issues a bond just a decorative piece of paper that says :
Give me 10 Billion $๐ธ and I'll pay you back 5% per year.
And the Fed just issues 10 billion & transfers it to BlackRocks account and then Blackrock gives the Fed the bond and pays them 5% per year.
NOW after the $ ๐ฐ ๐ต are given to BlackRock its Thiers !
There is no limit or restrictions on what they can do with it , its 'free market.'!
Then simply if BlackRock {in this example}
Purchases this 'AI crypto' then it basically can not fail.
All they have to do is pay back the 5% and the Backing is the US economy {basically how quickly it converts to automation}
This is no different to what some listed companies do with Bitcoin however Bitcoin is not widely accepted & has really no links to the USA physical economy.
This 'AI Crypto' would be widely accepted and would have direct links to the USA economy.
The other path.....
๐โโกโฌโฌ โโ
There is a less probable path it is simply a more 'socialist' type system where the USA takes direct % ownership of the various 'AI' corps and then in the same way that say Gulf Mid East nations pay the citizens a dividend from oil sales.
Then the US Gov would just pay a dividend to citizens for this automation system.
ยฏ_(ใ)_/ยฏ
The evidence is in favour for the system we just explained as that explains the extensive Data Center roll out & the very high valuations of the corporations involved.
Basically if you take a large % of the wage sector of the economy then that will be going to these 'AI' corps eventually.
Automation drives innovation >>>>>
๐น๐ญ๐ถ๐ฐ๐ฌ๐๐ก
Consumer JOB economy V Consumer Autonomous economy.
With humans that are alive having much more TIME ๐
Then some will both start small businesses & develop ๐ innovations.
When given the opportunity the 'free market' is always better at innovation than a controlled system.
So this simply means that whatever nation continues a 'consumer' JOB economy will fall behind in innovation IN relationship to those that have a 'Consumer' AUTONOMOUS economy.
This will drive automation {in various different forms} across all nations on the planet.
Won't Tesla just 'Win' this automation race as they produce Robotics?
๐ค ใฐ ๐น ใฐ ๐ค ๐น ๐ค
Not necessarily.
The various other 'AI' corporations will simply do deals with various other robotic manufacturers.
These could / would include Chinese , Japanese and many other corporations from different nations.
The 'cost to produce' some of these systems is so low that many 'AI' corps can deploy them competitively while also purchasing them from these nations.
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Explaining the ๐ 'magic' of a resource into a fixed asset.
๐ข ๐ฎ ๐ข ๐ฎ ๐
It seems simple but not many people think about it.
If done correctly we will show you how it 'can't' lose in degrees.
This is also the 'magic' of the 'Petrol Dollar' however it can be done with any floating fixed asset {and that is even better}
Lets utilize Russian Gas as an example.
Russia sells Gas & Oil
๐ข ๐ฌ ๐ข ๐ฌ ๐ข
Now we will show you the 'in plain sight' magic up front, if you are from a crypto background you will IMMEDIATELY comprehend.
These items quite literally Get BURNED ๐ฅ ๐ฆ ๐ฅ ๐ฆ ๐ฅ
So simply a resource comes from the ground is processed and then gets transferred into heat and light and some other materials.
Now as we know this ONE WAY process >>>>> is PURCHASED by entities.
So simply X Gov buys ๐ฐ so many Units of this item ๐ข then BURNS it. ๐ฅ
So simply if done correctly.
The Seller of the item can issue a FIXED floating asset {just as we explained with the 'AI crypto'}
They could issue MOST of it for security reasons {simply to themselves}
And in this case even a Proof of Stake system {with correct encryption} would function {if one did not wish to invest in 'data centers' this is because the asset is being linked to a resource.
Then simply issue it to yourself {or the holding corp}
Then 'officially' ensure that your Gas and Oil on seller corporations will ONLY accept this asset for these resources.
You can give discounts etc as incentives and give the relevant technology for transfer.
Then also you can even GIVE some of this to your Client nations in accounts they hold . { to boot the system}
Then simply if Nations want to buy this resource they NEED , they MUST BUY this fixed floating assets.
Now the advantages are immense..... {Some you may not have immediately thought about}
EVen though you literally printed it to yourself TO some 'reserve ' holding corp.
The asset is fixed by encryption and thus can't be subject to 'corruption' theft or creative 'printing' / inflation.
HOWEVER there are many other advantages.
The Gas & Oil Dollar {Petro Crypto}
๐ข ๐ฆ ๐ข ๐ฆ ๐ฅ
So instantly Nations {if they NEED this resource } will swap their various currencies for this open market asset , and then pay for this fixed Resource that gets BUNRNED ๐ฅ
๐
OPEN MARKET OPERATIONS
๐ฎ ๐ ๐ โก ๐ค ๐ฐ ๐พ
The key is nations BUY the asset on the OPEN MARKET so it must be issued into different open market exchanges {basically any of the major official Cryptocurrency exchanges} If they don't accept it shoot missiles at them ! {Joke}
This is how MANY cryptocurrency is 'floated' with 'buyers' and 'sellers' ๐ฐ ๐ค โก ๐ฐ ๐ค โก
Even if 'Bots' are buying and selling for the purposes of this asset it would just make it available for these various Nations corps to engage in true open market operations.
I.e you can't really 'Buy' it up artificially as we will show you how the price rises naturally. {In the market} ^^^
Real Asset gets Burned !
๐ฅ ๐ ๐ฅ ๐ ๐ฅ
Now notice the bit people miss you can never UNBURN the resource the resource can never return from its ONE WAY process if it could then Nations could UNBURN their GAS or OIL resource and SELL it back for the asset.
But that can't happen!
So various currencies get swapped for the Petro Crypto then they PURCHASE this gas or oil from the Key resources corps and then simply Burn it ๐
Then they do it again !
What happens ?
More and more of the 'floating' petro Crypto is getting 'caught up' placed back into these holding accounts. As the physical resource gets burned.
So then there is less and less floating!
What happens scientists !?
The price of the unit goes UP !
Fungible down to 0.0000 etc >
โก ๐ฐ 0 . 0000
But even if there is only 1 unit 'floating' {extreme example} It wouldn't matter !
Because this {theoretical } 1 unit can be broken down to many sub points
0.000001 {example}
Fungibility is the 'magic' of the Digital asset.
Still being Fungible down to 0.000000 etc so this means there is still plenty AVAILABLE to purchase {so no shortage} but just as a much higher unit price !
^^^ CAN YOU SEE THE MAGIC? ๐
NOTE THE PRICE of the Gas stays the SAME ! $
^^^
But the Asset Rises and rises , this is the same as buying Gold with Bitcoin example:
if Gold is 1000$ per ounce and Bitcoin is 1000$ per token then 1 Bitcoin buys you one ounce ! Simple
But if gold is 1000$ per ounce and Bitcoin is 10,000 then it only takes 0.1 Bitcoin to get the OUNCE of gold !
CAN YOU SEE THE MAGIC ๐
And note you can still BUY LOTs of available Bitcoin if they are 0.1 per 10,000 $ so there is still lots of market to be had!
NEXT MAKE IT WORK FOR YOU
๐ญ ๐ก ๐ฌ ๐ข ๐ฐ ๐ ๐พ
Now you have this much valued fixed asset that also floats and much of it is caught In these 'holding' or reserve accounts held by these resources corporations.
SO NOW , you take a tiny bit {0.1 % of cap etc} of it and you open a FINANCIAL INSTITUTION and you offer ULTRA LOW loans to people that have good ideas for businesses and innovations.
And you ensure that other Key structural business accept this asset.
So you loan a tiny bit to citizens {normal vetting process} for Businesses and innovations, At a very low % rates.
They take it and purchase the things they need for their business and some of it goes to these secondary industries and they start their businesses.
Now you can to further you can now issue a tiny % of this much inflated asset to citizens, and then this will simply loop around the economy because the businesses that took loans need it to repay their loan and the people will simply spend it because its a 'resources bonus' they got.
Run it through any 'AI' you like no inflation is created and none of the domestic economy is 'hurt' because the asset is held mostly in the resources corporations and will just rise in floating $ price. ๐ฐ
Any issuance to citizens would prime production increases BUT not in your sovereign currency so would actually help inflation go down !
ยฏ_(ใ)_/ยฏ
You can do ANY variation of this the ๐ point is to get the encryption good and make sure your resources Corps are set up for the asset then to prime it for your buyers.
I.e get the open market operations going in the various exchanges {simply done with 'AI' algorithms}
Everything else would be work arounds.
Proof of Stake works best as then the 'fees' of the asset are simply returning to the Resources corps.
These fees could be kept low to 'Prime' economic activity. {Basically the opposite of what ETH did lol}