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This article will discuss a question, that is, how humans will live economically in the future when AI completely replaces humans.

1. AI will completely replace humans in the future

AI will completely replace humans in the future, and this replacement will lead to total unemployment. It’s not just some people who will lose their jobs, but all of humanity.

The signs of this situation can already be seen.

AI is starting to replace programmers, and programmers are starting to lose their jobs. Many unemployed programmers are driving online ride-hailing cars, and some are working as delivery drivers. In the foreseeable future, driverless technology will gradually mature, and drone delivery systems are also developing. Online ride-hailing drivers and delivery drivers will also be unemployed on a large scale in a few years.

"90% of the people in the world are idiots."

This is a fundamental common sense in the financial industry.

The person who put forward this idea is the financial tycoon George Soros.

Soros proposed this theory because there are several phenomena in the financial market.

One is that if 90% of people reach a consensus and believe that the price of a financial product will soar in the future, then that product will definitely plummet. Just like Bitcoin a few years ago. When almost the entire society thought it was valuable and everyone was chasing after it, it plummeted.

Another phenomenon is that in the financial market, 90% of people lose money, and 10% of people make money. The 10% are the players, and the 90% are the leeks. The players can cut the leeks however they want, and the leeks have no ability to resist, nor will they resist. Even if the players cut the leeks to the point of bankruptcy, the leeks will only commit suicide, not反抗 the players.

Official media always propagates that one cannot get rich overnight in the financial industry. In fact, this statement is not accurate. There are indeed people who get rich overnight in the financial industry, but it's just the 10% who get rich overnight, while the 90% go bankrupt. The money of the 90% who go bankrupt is transferred to the accounts of the 10%, and naturally, the 10% become rich overnight.

Moreover, Soros often deals with people who make money in the financial market. He found that these 10% of people differ from ordinary people in terms of behavior patterns, ways of thinking, and even moral values.

Soros simply summarized and generalized this phenomenon based on his experience in finance without delving into the reasons. I will try to analyze the reasons for this phenomenon below.

The reasons for this phenomenon are not due to low intelligence but due to two more important reasons:

First, a lack of professional knowledge, and second, herd mentality or the "sheep effect."

Lack of professional knowledge means that people specialize in different fields. With the development of technology, the total amount of knowledge in modern society far exceeds what one person can learn in a lifetime, so modern academia can only study by dividing disciplines, with different people learning knowledge in different fields. This results in everyone's knowledge being limited to specific areas, and they become almost ignorant outside their areas of expertise. For example, a basketball player may not be able to play soccer, many famous scientists may not be able to take care of themselves in daily life, and many university professors may be scammed by fraudsters using very clumsy methods, because their knowledge is limited to specific areas, and their intelligence is close to that of an idiot in other areas. Fraudsters can use interdisciplinary knowledge to defraud these university professors.

Herd mentality or the "sheep effect" refers to a person's tendency to follow the crowd when they lack professional knowledge or have intellectual deficiencies and cannot think independently about something. This behavior pattern is rational to some extent because if one doesn't understand, following others is not wrong. But the premise is that others understand. If the crowd one follows is made up of idiots, it will lead to everyone engaging in idiotic behavior.

In fact, almost all group-living animals have the instinct to follow the crowd. Humans can domesticate these group-living animals by using this instinct. For example, sheep also have the instinct to follow the crowd; they will follow the shepherd, even if the shepherd leads them to the slaughterhouse. Humans can also be domesticated in the same way, and many fraudsters are well aware of this. This is why rumors always spread faster than truth; rumors can spread by using the sheep effect, while truth is incomprehensible to those who lack professional knowledge and the ability to think independently.

In fact, some other bad things also stem from the herd instinct. For example, people form groups based on certain cultural values or ideologies, which are actually a variant of the sheep effect. For instance, online groups like Huanghan, Ming fans, Manchu remnants, Mongolian remnants, environmentalists, animal rights activists, white leftists, feminists, etc., are mostly of this type. Anyone with a bit of social experience knows that humans form groups based on common economic interests, not ideologies, and it is easy to manipulate, incite, or divide and disintegrate these groups using economic means.

Soros' theory can be used to refute the Western political and judicial systems.

The essence of Western political and judicial systems is democracy, which makes decisions based on consensus.

However, since 90% of people are idiots, consensus is not only not fact but also seriously deviates from the truth.

Take the Western judicial system as an example.

The Western judicial system equates jury consensus with fact. Moreover, in cases with insufficient evidence, the jury can engage in "mental evidence," meaning the inner conviction of the jury can serve as evidence. Furthermore, the jury cannot be questioned; questioning the jury is considered contempt of court, and the judge can directly find you guilty.
The issue is that lawyers all know that to turn an ironclad case around, it's best to sway the jury. Because judges are difficult to fool, while juries are easily swayed.
Although lawyers dare not openly question the jury, deep down, they really do regard the jury as a bunch of idiots.
It's evident that the Western democratic system is like a group of mentally challenged individuals in a psychiatric hospital, where suddenly one person declares, "The sun rises from the west." The others, due to herd mentality, chime in and say, "The sun rises from the west." Then, "The sun rises from the west" becomes the consensus, and these individuals take it as the truth, refusing to accept that the sun rises from the east.
However, don't think that Soros would oppose the Western democratic system. On the contrary, Soros has spent a large amount of money promoting the Western democratic system globally. For instance, Soros heavily funded the democratic parties in Ukraine, and the current Russia-Ukraine conflict can actually be traced back to Soros's political investments in Ukraine twenty years ago.
This precisely reflects Soros's shrewdness.
If there were no ninety percent of idiots in the world, who would financial tycoons like Soros scalp?
To play the pig-slaughtering game, one must first learn how to raise pigs.
Soros's method of doing things is like hearing a mentally challenged person say, "The sun rises from the west," and replying, "Wow, you're so smart, I didn't know that before." Soros uses this approach to get along with the mentally challenged and then says to them, "Since we have such a good relationship, why don't you give me those pieces of paper with numbers and famous faces on them." Then, the mentally challenged person gives all their money to Soros.
Reflecting on myself, I realize I'm still too young, hotheaded, and too honest.
If a fool does something foolish to offend me, I would directly call him an idiot and then argue with the idiot for a long time. But in hindsight, arguing with an idiot is a very idiotic thing to do.
When dealing with a fool who offends me by doing foolish things, I should think of a way to move all the fool's money into my house, leaving the fool penniless.

BTC is a product of apocalypticism and messianic belief.

Apocalypticism is about proclaiming that the end of the world is near, or in other words, saying that the world is very dark. Then it proclaims that there will be a messiah to save us.

BTC uses this very strategy. It starts by saying that the 2008 financial crisis was caused by the official control of the US dollar exchange rate, leading to inflation. This is equivalent to saying that reality is dark and the end of the world is coming. Then, it claims that BTC has a limited supply and can fight against inflation. This is like packaging BTC as a messiah.

Throughout history, this pattern has been common. It first appeared in Persia, where the cult of Mithras and Zoroastrianism were both messianic beliefs. The Persian king packaged himself as a messiah, expanding under the banner of the messiah, claiming it was not expanding but the salvation of all beings.

Later, messianic belief spread westward and influenced Christianity. The last chapter of the Christian Bible, Revelation, is a prophecy of the end of the world, with Jesus being the messiah.

Messianic belief also spread eastward and combined with Buddhism, giving rise to the beliefs in the rebirth of Maitreya and the White Lotus Society. In Buddhism, Amitabha is the Buddha of the Western Paradise, and Maitreya is the Buddha of the future, with one ruling the Paradise (Utopia) and the other ruling the (future world). They are clearly two messiahs. The White Lotus Society developed from this kind of belief.

There are many similar cases, such as Hong Xiuquan's Taiping Heavenly Kingdom movement, which was also a product of messianic belief. Stalin also packaged himself as a messiah.

The reason messianic belief can generate massive attention is that human intelligence is inherently sensitive to disasters. Therefore, apocalypticism easily attracts attention. And when apocalypticism is followed by a messianic belief, the attention becomes explosive.

Human intelligence is naturally sensitive to disasters. This is because human intelligence evolved to adapt to the environment.

For example, imagine a primitive hunter on the African savannah seeing the grass move. Would he first assume there's a lion in the grass, or that the wind is blowing it? The correct answer is that he would assume there's a lion and run away. Because even if the grass was just moved by the wind, he doesn't lose anything by running, just consider it exercise. But if there really was a lion in the grass and he didn't run, he could lose his life.

This example shows that humans, to adapt to the environment, will prioritize the assumption that there are factors in the environment that threaten their safety.

Apocalypticism and messianic belief play on this "bug" in the human mind, provoking sensitive nerves. They say that reality is too dark and a messiah is needed.

BTC follows this pattern. It promotes the idea that official control of currency will lead to an economic crisis, which is akin to apocalypticism, proclaiming the end of the world. Then, it packages BTC as a messiah that can replace fiat currency and counter official control.

However, a problem arises. The absence of official control doesn't mean no one is controlling. A large amount of BTC is in the hands of exchanges and mining operations. They can manipulate the coin's price by pumping and dumping with the BTC they hold.

Therefore, the so-called decentralization of blockchain actually has its issues. Removing one center just leads to the formation of a new center.

Btc is the product of eschatology and savior belief.
Eschatology is to preach that the end of the world is coming soon, or in other words, to say that the world is very dark, and then preach that there is a savior who will save us.
BTC uses this trick. First, it says that the 2008 financial crisis was caused by inflation caused by official control of the US dollar exchange rate. This is equivalent to saying that reality is dark and the end of the world is coming. Then, it says that BTC has a limit on the number and can fight inflation. This is equivalent to packaging BTC as a savior.
This routine is not uncommon in history. It should have first appeared in Persia, where Mithraism and Zoroastrianism were both savior beliefs. The Persian king packaged himself as a savior. Invasion and expansion under the banner of a savior is not invasion, but saving all living beings.

On August 6, many executives left OpenAI, but those who joined Anthropic were mostly people who opposed commercialization in OpenAI, or were originally in the AI ​​safety research team. Scientists like Kapathy did not join rival companies after leaving OpenAI.

This means that after this round of turmoil and purge of senior executives, there are almost no people in OpenAI who oppose commercialization. For CEO Altman, it may be easier for him to let go and do things without being constrained by internal forces. Perhaps this will lead to a rise in WLD.

The Fear & Greed Index is used to determine the buying opportunity, which is mainly based on the analysis of market investor sentiment. Here are some specific steps and considerations:

1. Understanding the Fear and Greed Index

The Fear and Greed Index is an indicator developed by CNN Money and other institutions to measure the emotional state of investors in the market. It is usually calculated by a comprehensive weighting of multiple indicators (such as junk bond demand, market volatility, stock price breadth, safe haven demand, etc.), and the value range is generally 0 to 100. Among them, the lower the value, the more fearful the investor sentiment is, while the higher the value, the more greedy the investor sentiment is.