is the scariest part of the singularity that we might have time to pursue a new purpose for ourselves?

is the scariest part of the singularity that we might have time to pursue a new purpose for ourselves? Or that we might become unnecessary and obsolete???
http://www.wired.com/2014/08/when-robots-take-all-the-work-whatll-be-left-for-us-to-do

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