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RE: Leo Talk 4/19/2021 -Come Join Our Chat

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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