Every person in the world now owns a matter replicator, but due to the limitations of the technology, there is a 24-hour cool-down in between each use. How would people use this technology?
Every person in the world now owns a matter replicator, but due to the limitations of the technology, there is a 24-hour cool-down in between each use. How would people use this technology?
Its a space of 1meter×1meterx1meter, basically a cubic meter where the matter replicator works on. (So, no replicating cars, since its too big)
How do you min-max this?
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I’d say that society as we know it would collapse fairly quickly, with it being replaced by a communist or socialist system fairly quickly. Fields that require brains would be in significant demand, as food would become a non issue. Same thing would occur with other essentials, such as food and medicine. As mentioned in other comments, money would become worthless. And there would be people who would make new replicators who would have reverse engineered their replicators.
I don't think it would.
First, you'd have to power the device, which is likely going to take a lot of energy.
Second, the device is additive only, so it can't address issues with built in scarcity like land.
Third, there is going to be an interesting middle ground where you still need some forms of manufacturing to run the economy.
There will be drastic changes to the economy, but I doubt that communism would fully take over.