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Economics of Molecular Fabrication

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Thread images: 3

File: Madre vending machine.png (247KB, 333x600px) Image search: [Google]
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Say theoretically that in a setting where fairly traditional currency based economics have always been the norm, one nation gains widespread use of molecular fabrication technology.

Basically anything can be made with time and feedstock, and the nation in question has more than enough electrical power to supply the machines.

How then does economics change? Can standard currencies still have value in the face of such a technology? Would a gold standard even mean anything in the face of tech that lets someone print out enough gold bricks to make a house if the whim struck them?

Feedstock is cheap as dirt because half the time that's what it is, but electricity would still have to be paid for, and even feedstock isn't completely free. Though this nation would also have the technology to make labor robots to handle mundane tasks.

Any thoughts on how a national economy might shape up in the face of such technology?
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>>44337960
Economy crashes. Money is worthless. Gold is devalued. Gratz, a new Africa is born.
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>>44337960

Time becomes the currency. Time worked gives you time on the replicators. So while you can make yourself a house of gold bricks, it's going to take awhile to actually work enough to make it.
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>>44338135
In the game the vending machines only accepted currency in the form of chips that were combined feedstock and battery. Would such a currency still hold up? Each coin would have value because it is literally the self contained resources to make things.

Plus it would be easier on infrastructure if everyone carried the power with them in battery form rather than all that electricity being transmitted along power lines.
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>>44338231
Sure. It's like a gold standard+
I read a book where immortality-via-medicine was fairly mundanely possible. The standard of currency was days. Literally, enough of the life-juice to keep you living 24 hours longer.
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Some sort of post scarcity either as classic anarchy or communism and war lots of war.
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>>44337960

Things become valuble based on vintage. People want non-repro stuff and things not easily reproduced with the machines. Other people will try to counterfit these/pay people to convert them so they can be fabricated. It's an archeological race to the finish.
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>>44337960
Gold pressed latinum
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>>44338580
Cybrans were the good guys.
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>>44338577
That would spell ill for a society. There would be an immortal, stagnant caste of elites and disposable, short-lived caste of disposable commoners.
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>>44338577
They had something similar in Strata by Terry Pratchett.

The universe had rare elements in plenty and more than anyone needed when humanity finally got into space. The only thing left that people needed was more time. The Company payed its employees in longevity treatments.

The thing was that the human mind was ill equipped to deal with that sort of lifespan. The Company was centuries old by that point but people working for The Company over the age of 300 were rare to the point of mythical. The didn't usually commit suicide, not quite. They just kept on doing increasingly risky shit in some attempt to feel alive again like climbing up Olympus Mons the hard way. Also without trips to the memory editing clinic you went senile eventually.
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>>44337960
>feedstock
What kind of feedstock?
If you want a gold ring do you still have to put gold into the machine to make it?
Or could you literally shit into the intake valve and get a gold ring all the same?
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>>44341742
Also how long does it take?

Would said shit-gold ring pop-out instantly or would it take hours? Days? Weeks? Months? Years?
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File: TACoreCom.jpg (36KB, 971x592px) Image search: [Google]
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There wouldn't be an economy as we understand it. Like asking how the industrial revolution would affect a medieval feudal state. This devise would let anyone who had one to do what ever they wonted, why work for someone else when you can print up anything you wont. It could end up like The Shier were no one really works they just pursue there own hobbies.

>>44338580

This anon is right ever person now has an nanolathe instead of a printer.
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>>44340014
Could be. However, I think it was generally such a cost that anyone who felt the need could earn another day without difficulty.

>>44340344
Or, yeah, that. It was Strata, and I haven't read it in a bit. But like most Prachett, it was a goody.
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>>44338030
The only happens if the average IQ drops 20 points relative to modern standards. I think we can assume that people who can invent molecular assemblers are smarter than people who are still struggling to invent the wheel.
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>>44338231
The fabricators were deliberately gimped by the Sierra Madre owner.

The originals could run on any power supply and transmute dirt into whatever they want.
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>>44339454
>Cybrans were the good guys.

Yes and Molecular Fabricators would make government and corporations obsolete allowing an anarchist utopia to a merge.
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>>44337960
Assuming the nation was ok with a certain degree of inefficiency, and had the energy to maintain it, something along the lines of decentralized communism.

Seeing as how literally everything including toxic and radioactive waste can be recycled, and seeing as how every city would have access to sufficient energy to run these machines, there's no reason why a citizen couldn't just go up to a machine and get whatever they need at no cost to society.

Of course, they're likely to be regulated to a degree by the state to ensure that the plebs don't get access to sufficient weapons of war to rebel.
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>>44346169
>make government obselete
Uh, what?
Just because you can print computers and/or food in your own house, Steve is going to stop sleeping with Joe's wife?
I kinda think governments would be more important when everyone can print a gun without leaving the room.
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