Conversations around the function of money and who controlled its minting began, triggered by the unprecedented money printing provoked by the pandemic.
If an international emergency could motivate governments to fire up the printing machines, where does money come from? If it's so simple to give money away, why isn't it going straight to people? Why did people pay tax in the first place? And why were banks benefiting from discounted currency before transferring interest costs to the plebeians?
What started as a murmur of disquiet grew into a crescendo of discontent: Why should these institutions dictate how money is issued and who benefits from its trickle down distribution? As economic shockwaves precipitated humanitarian catastrophes throughout the world, the systemic corruption was painfully exposed, making the case for bold new ideas.
A plethora of digital currencies and assets have permeated the mainstream and become the world's de facto money.
Money is no longer monolithic; different currencies serve different needs and use cases.
Web 3.0 technologies coupled with sound money have gradually altered incentive structures in popular services such as Google and Facebook, with platforms now paying the people to use them.
The future of money - which is to say the money we use in 2030 - is indelibly inscribed on-chain and distributed globally at scale.
Free movement of money is no longer a pipe dream, it's a reality.
As the source of our money has become much more distributed, as transparency of issuance, allocation and use has become the norm, as the physical and digital worlds have integrated more closely, and as governmental overreach has been checked, our financial system has become a hub of innovation.
Money flows to people from multiple sources, including governments, corporations and decentralized autonomous organizations of people and communities.
Your Wallet in 2030 Will Be Full of Free Money
Udgivet den Oct 13, 2020
by Coindesk | Udgivet den Coinage
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