How relevant is 'value storage' in a world of abundance? If we are moving towards a world of abundance of what use would it be to store value because in my opinion this is incentivized through scarcity.
For example, we save time because we have a limited amount of it. It is not the same for the air we breathe. People don't even think about it actively because it is something we have in abundance.
So this begs the question, of what importance is storing value when it is in abundance?
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The entire monetary system becomes irrelevant at that point. What we are working towards is a post monetary society. We are a long way from that.
Store of value is required because our world is still monetary based. We cannot just produce stuff out of thin air (yet). Thus, we are in a transition period.
That said, tokenization is going to generate tremendous wealth that will be spread throughout the world. This will allow for a new system to be developed. We will still have the store of value idea for a number of decades yet that will fade away at some point.
I would think free or near free energy is a big step towards that end.
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People, especially those risk averse, will always want to have something to fall back on. Even with tremendous wealth, a lot can happen in life. Bad things will happen and the backup will help cover you financially when it does. Think of big celebs or sports stars that at some point make millions even billions and still end up broke because of addiction or bad wealth management and lifestyle inflation in general. Just an example but I think even when there's an abundance many will still want that safety margin, at least for a while. I know I do :-)
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There's a difference between "storing" and "hoarding" value. Storing value is keeping what you have in a place it can be accessed and used without having to worry about it depreciating. Hoarding value is taking that value out of circulation completely, usually with the sole intention of making it larger. The first is a necessary use-case for abundance. The second is detrimental to the abundance of all.
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On the topic of abundance:
Scarcity determines value. Something to think about.
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thanks for the video, it was refreshing to watch. however, I think this narrative is a capitalist plot. From this video, we can deduce that the main use of water--over 80% is for agricultural use and not domestic use. those who should pay the higher price aren't, those who should be investing in search to access the abundance that exists aren't. those who exploit this planet and misuse its resource for selfish gains aren't paying the higher price which makes scarcity in itself a manmade problem and not that of nature.
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