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The Future of Money

Database Record #6 of Chapter: money
Queried on May 25, 2013 - 9:11 pm Eastern St. Time


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The paradigm of money written into accounts as a plain electronic figure will be replaced by money written as a cryptographically processed digital string inherently linked to its owner, its destination, and to any logical parameters necessary for its use as a transfer of valuables.

This future paradigm will focus the monetary vulnerability for criminal abuse into a single, or few centers where the cryptographic shield will be manufactured. This will limit and clearly define the battleground between defense and attack on money and its integrity, giving the defenders the upper hand for the long run.

Digital currency will first derive its value from the traditional national currencies, alas the extensive global trade will shift digital money into the position of becoming the accepted global currency controlled by broadly respected and acknowledged world mint.



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