Activity: Talk or presentation › Lecture and oral contribution
“What is money? In my meaning it’s the best innovation ever. It’s a trust system, we put more trust in money than we do in religion.” Money – such as coins, banknotes and account money – are global, general purpose mediums of exchange with an unrestricted usage. In the future, however, experts like Jonas foresee a new type money: one that is intelligent or smart, money that we can program for specific uses. In essence, “smart money” is a value exchange instrument that is based on computer protocols which can facilitate, verify or enforce present conditions for its appropriation as a means of payment.