Ask HN: If the singularity is nigh, why be frugal?

20 points by lisplist 2 years ago | 26 comments

Hypothetically speaking - if the singularity is indeed within the next few decades, why bother saving any money at all and instead live as lavishly as possible?

Practical reasons to save:

a) What if it isn't? i) Maybe ASI takes a lot longer or the notion of exponential intelligence gains actually doesn't happen ii) Perhaps we wipe ourselves out via climate change/nuclear war/etc (in which case money still won't matter much)

b) Money might still matter in a post-scarcity economy i) Some resources will still be scarce - how do we allocate them?

c) Saving money is wise regardless of what happens i) People still saved during the cold war when nuclear war destruction seemed imminent

Arguments for lavish living a) A post ASI world would likely look radically different. Hopefully in a good way, but still different. Might as well experience the world as it is now. i) If life becomes much worse, then either we will be dead, which means money doesn't matter, or life is terrible, in which case we might wish we'd enjoyed the good years we had. ii) If life becomes much better, then our savings probably don't matter so much as we've figured out the scarcity problem.

b) Climate change might (and already has) result in the radical transformation of ecosystems, causing many experiences to possibly not exist in the future. i) Ideally ASI would help resolve climate change? Or at least greatly mitigate it.

I, myself, am a pretty frugal person. I pay debts as quickly as I can, save as much as I can for retirement, and spend as little as possible. I think ultimately my 401k savings might useless by the time I'm old, but I do it anyways. My actions certainly conflict with the premise of my question.

I have no clue if I should even believe in the concept of the singularity. Perhaps, in a lot of ways, it is like a religion. We've replaced the second coming of Christ with the arrival of AI.

I think, ultimately, the sanest take is to assume nothing and continue to be frugal even if it's just giving myself the illusion of control over my own life into the future.

Dutchie987 2 years ago |

People have been shouting "the end is near" for millennia. So far, we're still going. Now the singularity is supposedly near. Yeah, just like fusion energy is always ten, twenty, thirty years in the future. But for real now, really!

Just live your life as you see fit. Predicting the future is nigh on impossible anyway and certainly for the big life changing events. The only thing you can be certain of is that resources are getting scarcer and wealth is getting more concentrated by the few rich individuals and multinationals that are doing that already.

Live and worry not for what may be.

bruce511 2 years ago | |

I completely agree with your advice.

>> wealth is getting more concentrated by the few rich individuals and multinationals that are doing that already.

I'm definitely in the camp that spreading wealth around a bit would be better.

That said "wealth" is a somewhat nebulous notion. For example, Warren Buffet has clearly concentrated a lot of wealth, but at the same time he invests that wealth across a broad spectrum, which in turn creates a "life style" for lots of people.

VCs are a manifestation of "concentrated wealth" which us the able to take more risks since the penalty for failure is lower. Sure most of their bets don't pan out, but there are quite a few things we enjoy today which probably wouldn't exist if a more traditional business model was used.

PayPal concentrated wealth, but would SpaceX and Tesla exist without that.

Of course rich people being dicks makes the news, but unwealthy folk can be dicks too. And there are lots of rich nice-guys.

Sure, I think more could be done to raise up the less wealthy. Sure I can think of better ways to spread the wealth around.

But I'd posit that the sort of capitalist feudalism we seem to be encountering isn't the end of the word. Depending of course on the feudal lords you choose to follow.

sircastor 2 years ago |

I’ve got some of the same questions about the stability of the US as a nation. It sounds a bit melodramatic, but I worry that by the time I retire, the tax law that protects my retirement funds might be null because the government that created them is non-existent (let alone a government that is the US in name only)

Is not an unreasonable question, but you can only plan for the future you know. Regardless of when AGI appears, or singularity occurs, the road you’re on right now is aging the associated costs of that. Plan for that.

ThePhysicist 2 years ago |

This whole singularity theory seems incredibly flawed, assuming infinite intelligence translates to infinite resources seems to discount basic physics. General AI will definitely revolutionize life but it will still be bound by the laws of physics. Climate change could have progressed too far by the time AGI comes around to save us. Even with perfect knowledge you can be in a losing position in a game.

netsharc 2 years ago | |

Climate change mitigation isn't an intelligence problem, it's a political problem (a tragedy of the commons but in geopolitical scale). Maybe if AGI can become a dictator that rules over humans it can stop us from selfishly destroying the future, otherwise, we'll keep fighting for our "right" to eat beef and take jet-fuelled vacations...

sircastor 2 years ago | | |

I'd be willing to go as far as an AGI being able to Game Theory the populace into making the decisions that it wants.

kadushka 2 years ago |

Before any "singularity" can happen, we first need to build AGI (human level intelligence). As we get closer to building AGI, more and more jobs will get automated. At some point, this might result in you losing your job. That should be reason enough for you to save money, if you believe in emergence of AGI in the near future.

hsjsbeebue 2 years ago |

It is not an either or. Best thing average jo can do is auto set up to overpay their tax efficient retirement vehicle, make sure said vehicle is an index of US share or perhaps an international mix with a decent US weight, and buy a residence somewhere there is and probably will be high demand. So NYC, London etc. (due diligence assumed)

With that you can spend all you earn, you will be forced to save a bit naturally due to mortgage repayments and the retirement setup and you have diverse investments.

Once you gave equity you can borrow to invest more.

If you get any bonusy kind of money like RSU then invest that as you go along unless you need it to create more cushion for your mortgage.

badpun 2 years ago |

Singularity will allow anyone with capital to employ large number of virtual geniuses, working tirelessly to solve their problems. This should vastly accelerate GDP growth (one researcher estimates it at GDP doubling every couple of weeks IIRC), but it will be result of capital investments, not labor. Which means, most of the benefits will go to those who had already capital before singularity. So, you should be saving and investing to prepare for that moment.

al_borland 2 years ago |

The premise here assumes living a lavish lifestyle is a good thing that all people want, or should want. I don't agree with that premise.

mikewarot 2 years ago |

Take a good long look at this list, that is always getting updated.... of all the wrong predictions for the end of the world.[1]

I used to take those things seriously in my youth. Back then we were heading rapidly into an ice age.

Don't go nuts spending your money, plan carefully for retirement, and if you're lucky, you'll get to spend those savings. But don't be so tight with it that you miss out on everything.

[1] https://en.wikipedia.org/wiki/List_of_dates_predicted_for_ap...

atleastoptimal 2 years ago |

Because the ASI singleton superintelligence will consider money its god and require 10 million to get into virtual heaven, everyone else's consciousness goes to low render distance Minecraft backrooms for 12 trillion simulated years

runjake 2 years ago |

I disagree with your basic premise that the singularity or end is near.

In the 1970s and 1980s, it was communism and nuclear war that were going to end the world. We were near certaint on those eventualities. In the 1990s, it was environmental disaster. In 2020 and 2021, it was the pandemic. And now it seems back to environmental disaster again -- I can't even keep up with the oft-parroted line that humans will extinct themselves by 2100. It could happen, who knows, but probably will not.

All the of the above worries are legitimate challenges we should be concerned about. We will have countless challenges and black swan events. The problem with these predictions is that humans (well, sapiens, anyway) always seem to find a way to survive through them.

Does it mean we won't extinct ourselves? No. But, through the past tens of thousands of years, the odds have been in our favor.

And screaming that the sky is falling only serves to work against the cause, leaving your opponents and those on the fence untrusting and unconvinced when the prediction fails to arrive as described, at the allotted time.

atleastoptimal 2 years ago | |

anthropic shadow

runjake 2 years ago | | |

I googled it, but elaborate on your thought.

RecycledEle 2 years ago |

What if the singularity leads to those with money owning the land and raw materials, and locking in their control of society forever?

dave4420 2 years ago |

The point of the singularity isn’t that money won’t matter after it hits. The point of the singularity is that we can’t predict anything about the world after it hits.

Maybe money will be useless.

But maybe money will still be useful.

We can’t know until it hits. Maybe not even then.

Plus there is the problem that we don’t know which century it will arrive in, if ever.

coretx 2 years ago |

Why don't you tackle the problem one step at a time ? You need to stay alive. Arable land with access to sweet water and a warm roof above your head are the minimum requirements for just that and therefore will always hold some value.

meiraleal 2 years ago |

Health becomes more important than money then. Post-scarcity and singularity won't cure diabetes or make people less sedentary.

ksherlock 2 years ago |

You can either eat well or sleep well. (c.f. The Protestant Ethic and the Spirit of Capitalism).