![]() ![]() What will happen to the school system when kids do that? But this kind of question misses the big picture. What would happen once a non-human intelligence becomes better than the average human at telling stories, composing melodies, drawing images, and writing laws and scriptures? When people think about Chat GPT and other new AI tools, they are often drawn to examples like school children using AI to write their essays. Sam Bankman-Fried, Elizabeth Holmes and Bernie Madoff were not particularly good at creating real value, but they were all extremely capable storytellers. What gives money value is the stories that bankers, finance ministers and cryptocurrency gurus tell us about it. Banknotes are just colourful pieces of paper, and at present more than 90% of money is not even banknotes-it is just digital information in computers. ![]()
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