Can you actually imagine life where innate talent and learned skill had no value outside of social posturing or self-gratification?

... as opposed to ... helping other people?

Where a Godlike machine secretly planned out your life according to some formula of ideal living?

I'm having trouble seeing the downsides to that. Oh, is "some formula" supposed to imply it's arbitrary and false?

Where no-one suffered or died at all unless they chose to and real power is essentially non-existent?

I don't even know what you mean by this one.

Where you'll be, in all likelihood, locked into a computer simulation while the real world is being torn apart for materials to increase your jailer's intelligence and extend its lifespan?

"Locked"?

But, to be fair, plenty of people don't like the idea of living in a simulation. Probably didn't play enough videogames as kids : P

... but seriously, folks, if this turns out to be an issue, you don't have to keep posthumanity in simulations. Many people assume we wont. It's just easier to simulate awesome things than build them, that's all.

Even Hanson's cockroach-topia sounds better than that.

OK, that's a really excellent name for it. Upvoting just for that.