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AnthonyC comments on Beyond the Reach of God - Less Wrong
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What I don't understand is that we live on a planet, where we don't have all people with significant loose change
A) signing up for cryonics B) super-saturating the coffers of life-extensionists, extinction-risk-reducers, and AGI developers.
Instead we currently live on a planet, where their combined (probably) trillions of currency units are doing nothing but bloating as 1s and 0s on hard drives.
Can someone explain why?
"trillions of currency units are doing nothing but bloating as 1s and 0s on hard drives"
This seems very unlikely. Most people with significant savings have it invested in stocks, bonds, or other investments - that is, they've given it to other people to do something with it that they think will turn a profit. Of the money that is sitting in bank accounts, most of it is lent out, again to people planning to actually do something with it (like build business, build houses, or buy things on credit).