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Don't forget that human beings treat abstractions of money differently the more levels of abstractions there are layered on top. More likely to steal it, spend
by freshhawk 15y ago
Don't forget that human beings treat abstractions of money differently the more levels of abstractions there are layered on top.
More likely to steal it, spend it and a bunch of other things. If you want more fraud, more waste, and people more likely to spend it on a whim then this is the direction to go I suppose.
- UK-AL 15y agoOn the other hand tech could be used to make things more visible. Imagine your phone warning you that your cutting it a little close on your eating out budget this month.
- freshhawk 15y agoYeah, there are definitely some upsides. Especially with reminders and graphs and planning and all the stuff applications are good for. The downside is, if the neuroscience research is correct, more of a disconnect between actual value and the money system. Where more people will steal or embezzle and risk assessment abilities get even worse than they already are. Combine that with the surveillance opportunities, which is the more obvious concern, and it just seems like something to be careful of. One reason I'm glad the bitcoin experiment is going on now. An alternative to giving all my financial information to google and cell phone companies (because everyone loves how ethical their business practices are) deserves more people working on the problem.