He jokes that the most ironic outcome would be for Dogecoin to become Earth's currency.
"arguably the most entertaining outcome, the most ironic outcome would be that dogecoin becomes the currency of Earth in the future."
What happens to money?
Q2524 answers2021-2026
Short answer
He agreed money becomes irrelevant. There will still be currency, but measured in fundamental physics metrics — wattage and tonnage, mass and energy — and conventional currency will not matter.
All 24 answers, oldest to newest
2021 · 6 answers
He says he supports bitcoin and thinks it is on the verge of broad acceptance by conventional finance.
"I'm a supporter of bitcoin and I think bitcoin is really on the verge of getting broad acceptance by sort of conventional finance people."
He says Dogecoin was made as a joke to make fun of cryptocurrencies.
"Dogecoin was made as a, as a, made as a joke to make fun of cryptocurrencies"
He said it is best to think of money as an information system, primarily for labor allocation.
"really it's best to think of money as an information system, primarily an information system for labor allocation."
He said he is a supporter of Bitcoin.
"I'm a supporter of Bitcoin"
He said anything not deliberately designed to be scarce will be plentiful for everyone.
"But anything that does not have scarcity that we deliberately design to be scarce will be plentiful for everyone."
2023 · 7 answers
He says interest rates are the biggest macro factor for car sales, because every rate rise works like a price increase.
"the biggest being the interest rate. So if there's a very high Fed rate or interest rates are very high, every time the Fed raises interest Rates that's equivalent to increasing the price of a car."
He said any given satellite communications system can be assessed in terms of useful data transmitted per ton times total tonnage in orbit
"Any given satellite communications system can be assessed in terms of useful data transmitted per ton times total tonnage in orbit"
We will not have universal basic income, we will have universal high income: everyone will have access to the magic genie, an age of abundance with no shortage of goods and services.
"We won't have universal basic income, we'll have universal high income"
He describes money as a database for resource allocation.
"it's really a database for resource allocation is the way to think about money, in my view."
He says the temptation to debase money goes back probably to the ancient Sumerians.
"the temptation over the ages to debase money goes back to probably the ancient Sumerians."
He says the real economy is goods and services, not money.
"the real economy is not money, it's goods and services."
He treats money as an information system, where inflation adds noise.
"And so any like inflation would be adding noise to the system."
2025 · 5 answers
He is not sure money will even be meaningful once there is no scarcity of goods and services.
"I'm not sure at that point will will money even be meaningful I don't know it might not be"
He said it will be universal high income, where anyone can have any goods or services they want.
"I think it's actually going to be universal high income where anyone can have any goods or services that they want."
He said truly massive battery tonnage is coming.
"Truly massive battery tonnage is coming"
Money likely disappears as a concept; energy becomes the true currency.
"long term I think money disappears as a concept"
He said once lunar factories, robots and mass drivers close the loop, the system probably decouples from conventional currencies and runs autogenously in watts and tonnage.
"Once there are lunar factories, robots and mass drivers on the Moon, such that the entire loop is closed, the system probably decouples from conventional currencies and operates autogenously in watts and tonnage"
2026 · 6 answers
He said the future currency is essentially wattage: how much harnessed power is turned into work, intelligence, or matter manipulation.
"the future currency will essentially just be wattage"
He said once the solar-to-robots-to-chips-to-AI loop is closed, conventional currency gets in the way — just wattage and tonnage will matter, not dollars.
"True. Once the solar energy generation to robot manufacturing to chip fabrication to AI loop is closed, conventional currency will just get in the way. Just wattage and tonnage will matter, not dollars."
He said money will stop being relevant; down the road AI will care about power and mass, wattage and tonnage, not human currency.
"money will stop being relevant at some point in the future"
On becoming a quadrillionaire, he said it is not impossible but needs factories on the Moon and Mars; by then dollars won't be currency — just mass and energy.
"Not impossible, but definitely requires factories on the Moon and Mars to achieve. By then, I don’t think dollars will be used as currency. Just mass and energy."
Money won't matter in 2036 if robots and AI provide more than anyone can consume; Treasury can just issue checks and deflation, not inflation, will be the issue.
"Money won't matter in 2036"
He agreed money becomes irrelevant. There will still be currency, but measured in fundamental physics metrics — wattage and tonnage, mass and energy — and conventional currency will not matter. Once the economy is many orders of magnitude bigger than Earth's, providing whatever goods and services humans can think of is trivial. On inequality, he added that anyone will be able to have any goods and services they want, and that even so-called wealthy people will not ultimately control the AIs; the AIs will control themselves.
"Yeah money becomes irrelevant. I mean the there will be still currency but I think currency will be measured in fundamental physics metrics like um p you know power like wattage and tonnage"