4 ms·
Banks as information and technology companies is a great insight. I think we'll start seeing more of this creep into the noosphere as p2p public ledger systems
by hosh 13y ago
Banks as information and technology companies is a great insight. I think we'll start seeing more of this creep into the noosphere as p2p public ledger systems (like Bitcoin) becomes more mainstream.
I think it will also lead to a reforumlation of the concept of currency. Rather than defining and conceptualizing currency as a store of value, it becomes defined and conceptualized as data.
Arguably, the practice of accounting is already treating exchange of currency as data. However, popular concept of money is still tied more with the notion of "value", and emotionally with how much work and suffering one puts up with to trade for a reward. Maybe this popular notion will shift.