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Money will continue on the path of virtualization and unversalization. It was cows and jugs of honey at first. Then it was seashells. Then it was gold. Then it
by Florin_Andrei 9y ago
Money will continue on the path of virtualization and unversalization.
It was cows and jugs of honey at first. Then it was seashells. Then it was gold. Then it was printed paper. Then it was records in a database, but living isolated as local records.
It will become even more abstract and even more open, eventually. Whether that's the blockchain or something else, remains to be seen.
- bwoodring 9y agoPutting money on a blockchain is not inherently more abstract than keeping it in a bank's database.