re: What will it be like in 2070

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What effect does all this have on the way wealth is viewed? It almost seems in that world you describe, wealth won't be 'as important' as it is viewed today?

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Yeah, this does mean partial social and economic collapse as we know it. Singularity will change everything in ways we can't predict. It's entirely feasible that once Singularity occurs, it will completely liquidate all of our cash seeing it as illogical. It's really impossible to tell. 10 years before Singularity is estimated to hit, the world will flip it's shite preparing for the single biggest innovation not only in the history of man, but maybe since life itself started. We can not truly fathom what Singularity means and it is almost pointless forecasting what our society will be after that. One thing I think is a safe assumption is that a Singularity society will not value sports nearly as much as we currently do.